Umbrella insurance is really important, and yet, many people choose not to buy it or aren’t aware of it.
Umbrella insurance is additional insurance on top of your existing home, auto, and watercraft insurance.
It’s relatively inexpensive, often costing a few hundred dollars for a $1,000,000 umbrella insurance policy.
Although some people suggest buying an umbrella insurance policy equal to your net worth, this may not be the best approach.
Listen to learn more about why umbrella insurance is important, situations where it might cover you, and how you can decide how much umbrella insurance might be appropriate for you.