You buy auto and home insurance, and maybe even life insurance. I am sure many of you feel "insurance poor". Me too, from time to time.
There is one more insurance product you really need to consider - an Umbrella policy.
Umbrella's are designed to protect against the worst of the worst claims against you. Maybe you hit another vehicle and there were injuries, or you hit someone on a bicycle or motorcycle. A claim and likely lawsuit will follow.
What if the claim exceeded your limits on your auto policy?
You would have to spend your own money defending the lawsuit possibly and use your own money to pay any judgement.
That is where an Umbrella comes in. Take this friendly advice in a sue happy world - buy an Umbrella. They are relatively cheap, considering.
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