Umbrella Insurance: What is umbrella insurance and why do I need it? - MHB Insurance

what is umbrella insurance

Umbrella Insurance: What is umbrella insurance and why do I need it?

An Umbrella Policy is designed to provide additional liability coverage when you have reached the limits of your current policies. Most of us you carry several lines of insurance coverage for protection towards our personal assets. This can include auto insurance, homeowner insurance, or renters insurance. It can also be adjusted to include RV insurance, Boat insurance, Motorcycle insurance or even Airplane insurance.

These policies offer coverage for the property and also provide liability coverage in the event you injure another person or damage their property. Each one of these policies includes a limit that is the maximum amount that is paid out for a loss. If the limit is reached and it did not cover the entire loss, you become personally financially responsible.

... http://auto-car.ucoz.com/news/what_is_umbrella_insurance/2013-06-25-5108