Buying Umbrella Insurance Umbrella insurance provides financial support when an existing insurance policy has reached its limits. In most cases, people use this type of policy to protect against lawsuits. It protects a person’s assets by providing financial assistance to pay certain fees or expenses. People with a lot to lose, or in other words a large amount of assets, are typically drawn to umbrella insurance. This is because it is important to protect assets from lawsuits. For example, if you are involved in a car wreck, someone might sue you for damages. If they sue for more than your insurance will cover, then your umbrella policy will help should you lose the case. Coverage You need to speak with an insurance agent to learn if you are a good match for an umbrella policy. You can also learn about all of the various options available to you. The types of policies available will differ based on the insurance company. Starting your search online is the best way to see what different plans are available. Benefits The biggest benefit of umbrella coverage is it protects your assets. It also keeps you from paying huge out of pocket expenses. As mentioned earlier, if you have a lot of assets, then this insurance could be exactly what you need.