Accidents happen, and unfortunately so do lawsuits. Would your family be able to afford a lawsuit if one was brought against you? Purchasing a Personal Umbrella Policy ensures your family has the protection you need in case the unforeseeable happens. If you are found liable for damages to another party for a covered loss, your Home and Auto insurance will only provide payment up to their individual policy limits. Any additional damages assessed against you would then be provided by your personal umbrella policy. This protects your family and personal assets.
This policy not only extends beyond your Homeowners and Automobile liability limits, but also broadens the coverage to include losses not covered by your Homeowner or Automobile liability limits. Some examples of liability that an umbrella policy may cover that your homeowner policy would exclude are false arrest, libel, slander, or invasion of privacy.