Umbrella coverage protects your assets – your nest egg, savings, and your home – in other words, your future.
In the purest of terms, it is extra liability insurance that kicks in after you’ve exhausted your home, auto or watercraft policy limits.
For example, while delivering a beautiful bouquet of lilies, Fred the local florist slips and falls at your front door. His injuries cost upwards of $400k, exceeding the $300k liability limits on your homeowners policy. Where does the remaining $100k come from?