Umbrella Liability Insurance (Umbrella Policy)

Umbrella liability insurance, also known as an umbrella policy, is a type of insurance policy that provides liability coverage beyond the limits of existing primary policies, such as homeowner’s or auto insurance. The coverage extends to sue for damages for libel, slander, and personal injury claims up to the limits of liability in the policy. It also generally covers damages from accidents that have occurred involving the insured person, including legal fees and court costs. An umbrella policy is more comprehensive than just liability coverage, providing protection against certain types of lawsuits, to help protect the insured's assets and finances.