Personal Umbrella

You don't have to be a millionaire to be sued like one. Million-dollar judgments against individuals for negligence are still relatively rare; however, receiving a lawsuit with a million-dollar demand is common. If you receive such a court summons and you have only $100,000 of coverage, you may lose a lot of sleep.

Umbrella policies offer inexpensive "peace of mind" for most types of negligence claims. Automobile accidents are probably the most common source of serious claims. A personal umbrella policy can give you added liability protection without a large added cost. This is additional liability coverage that goes above the limit of your homeowners, auto and water craft policies. It also covers other types of catastrophic claims, such as a neighbor's child drowning in your pool or the delivery man being seriously injured by falling over your child's toys.