Do I need umbrella insurance?
Those who should consider purchasing a policy are property owners that own dangerous things that can cause injury such as pools, trampolines, dogs, and etc. It might also be a good idea if you’re a landlord, a coach, or participate in dangerous sports in which you could injure others.
Business owners should seriously consider a policy to protect against injuries that occur on their property or advertising mistakes.
How does it work?
Most insurance policies cover what’s in their name — homeowners policy covers your house, auto your vehicle, and so on. Those policies will cover the liability of those items. However, umbrella insurance covers most everything. So, if you ever max the liability limits on any of your other insurance policies, your umbrella policy kicks in to cover the rest.