An umbrella policy can be a good idea if you have a lot of assets or high net worth. It\u2019s also a good idea if you have a high income and if you\u2019re self-employed because your general liability insurance isn\u2019t designed to protect your assets.<\/p>\n
In general, most people will qualify for personal umbrella insurance coverage. The only individuals who may not qualify for a personal umbrella policy include those who have a voluntary workers compensation policy or who have filed a claim against their personal auto policy in the past three (3) years.<\/p>\n
The standard personal umbrella policy is for individuals with assets worth more than $1 million. The umbrella covers the gap between what an individual has in liability insurance and the individual’s assets. For example, if you have a $1 million personal umbrella policy and you are sued for $100,000, your umbrella covers the difference.<\/p>\n","protected":false},"excerpt":{"rendered":"