Umbrella insurance is extra liability insurance that provides additional coverage in the event of a claim that exceeds what is covered under your home insurance, auto insurance, etc. It provides lawsuit coverage, including defense costs. Simply it’s an extra liability policy that will give you peace of mind.
If your main insurance policy has low liability limits, umbrella insurance will help pay the remainder of what your main insurance policy does not cover. While the umbrella insurance does have a limit itself, but this is not likely to be an issue. An umbrella insurance policy can be cheaper than you think too.
Contact Holmes Insurance to determine your exposure and your need for excess liability insurance.