DO YOU NEED UMBRELLA INSURANCE?

A policy can protect you from financially devastating events.

- ELLA VINCENT

INSURANCE is supposed to shield you from significant financial losses in the event of a disaster, such as a fire, car accident, medical emergency or unexpected death. But some­ times, your insurance doesn’t go far enough or cover all of life’s misfortunes. For that, you may need umbrella insurance.

An umbrella insurance policy provides additional coverage outside the limits of other poli­ cies you have, along with certain expenses not typically included in your existing insurance poli­ cies. For example, umbrella in­ surance protects you if a guest in your home falls and sues you for damages, if you’re sued for libel or slander, or if you’re in­ volved in a catastrophic car accident that seriously injures another person. (Circumstances that umbrella policies typically don’t cover include liability or damages related to your busi­ ness, your personal belongings, or oral or written contracts.)