You don’t have a crystal ball for that reason, you need to protect all your assets from the unexpected. Life is full of surprises. Whether you are in a serious car accident, or something happens on your property, you could end up responsible for bills that exceed your standard insurance limits.
Umbrella insurance provides extra coverage to make sure you are protected and do not run the risk of having to liquidate assets in the event of a covered loss. Umbrella insurance can provide limits from 1 to 5 million or higher on top of your standard policy to protect you and your family members.
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Don’t leave home without an umbrella even on a perfect sunny day.
Disclaimer:
The definitions are only a general description of the coverage.
You must read your policy for actual definitions, limitations, and coverage limits as each has their own language and coverage limits.