An umbrella policy provides additional coverage or "excess liability" above the limits of your basic policies.
Do I need an Umbrella?
It is important to know that if you are sued and do not have enough liability insurance or an umbrella policy to cover those costs, all of your assets are exposed. People typically choose to buy an umbrella policy because they want to prevent the possibility of financial ruin due to one misstep or unforeseen accident. Umbrella policies also provide a broader form of coverage and can help cover legal fees, false arrest, libel, and slander.