No you can’t buy one of these at Wal-Mart or Target, and it won’t keep you dry in the rain. However, it will protect you and your household relatives from claims that exceed the policy limits of your homeowners and auto policies.

Umbrella policies cover you for these excess claims up to the umbrella coverage limit, usually at least $1 million dollars or more. You should consider adding umbrella coverage to your existing coverage. It’s valuable coverage and the cost is reasonable, usually in the couple hundred dollar range. Essentially for the price of a night out on the town you can have the comfort of insurance coverage for that event that we hope never happens. Don’t wait, call your agent today.