Umbrella insurance is a type of insurance that provides additional liability coverage beyond the limits of an individual’s existing policies, such as homeowner’s insurance, auto insurance, or boat insurance. It is designed to provide protection for individuals who face significant financial liability claims, such as lawsuits or settlements. Umbrella insurance can help protect an individual’s assets, including their home, savings, and investments. Some common features of umbrella insurance include:

1. Increased liability coverage: coverage that exceeds the limits of an individual’s existing policies
2. Broad coverage: protection for a wide range of liability claims, such as personal injury, property damage, and defamation
3. Low deductible: a lower deductible compared to traditional liability insurance
4. Worldwide coverage: coverage for liability claims that occur anywhere in the world
5. No policy exclusions: coverage that is not subject to exclusions or limitations of an individual’s existing policies.