February 2007

Do You Need an Umbrella Policy?

February 12, 2007 by Glenn Lamb

The purpose of an umbrella insurance policy is to extend the range of coverage above the limits you already have. Insurance companies will typically offer auto and homeowners insurance up to around $500,000 for liability. This is enough to cover most claims. However serious accidents can result in lawsuits above $500,000. An umbrella policy can give you an extra layer of protection for your assets.