I'm considering buying an umbrella, but I'm not sure if it's really necessary. What are the reasons why I should purchase an umbrella? I want to understand the benefits and practicality of owning one.
7 answers
SumoPower
Sat Nov 09 2024
An umbrella policy is designed to provide additional liability coverage.
SamsungShine
Sat Nov 09 2024
For instance, it may offer protection against libel or slander.
RobertJohnson
Sat Nov 09 2024
These are risks that are often excluded from standard liability coverage.
Tommaso
Sat Nov 09 2024
This policy becomes effective once the limit on the underlying liability coverage is reached.
Davide
Sat Nov 09 2024
It serves as an extra layer of protection against potential risks.