Umbrella Insurance

Umbrella insurance is an extra layer of protection to safeguard your assets in case you end up facing certain large liability claims. For example, imagine if you or someone covered under your auto insurance was found at fault in a serious car accident. If another person involved was badly injured, medical bills could pile up quickly beyond the common $300,000- or $500,000-coverage amounts in your auto policy.

An umbrella insurance policy could kick in once those amounts are surpassed. Umbrella coverage is often sold in $1 million increments and is relatively inexpensive; a helpful tip is to maintain coverage that is commensurate with your net worth.

Next is Health Insurance to round this conversation out.

Posted 12:00 PM

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