Do You Need Umbrella Insurance?

Umbrella insurance provides an extra layer of protection if you’re held responsible for injuring someone or damaging their property. An umbrella policy can offer coverage if you incur claim expenses that exceed the limits for your homeowners, auto or other personal liability insurance policies.

Here are the top 9 reasons to get an umbrella policy:

1. You have significant savings or other assets.

2. You have inexperienced drivers in your household.

3. You want to protect against potential losses of income.

4. You own property (especially investment property).

5. You own a business.

6. You coach youth sports.

7. You are a landlord.

8. You participate in activities that could easily injure others (e.g., skiing or surfing)

9. You own items, property or pets that can lead to injury lawsuits (e.g., pools, trampolines, guns or certain dog breeds).