Why Umbrella Coverage Is For Everyone

Many people looking to get cheap home insurance might shy away from so-called “umbrella” coverage. This is coverage that extends beyond the reach of home insurance to cover expenses beyond the limits of the original coverage. After searching for a home insurance online quote, many consumers might think that they don’t need umbrella coverage, or that it’s just for rich people with valuable assets to protect.

But the truth is that umbrella coverage is for everyone. It provides you with additional coverage that can protect you in case you are found liable for damages that are greater than what your current limits provide for you. For example, if a friend or family member is killed or seriously injured in your swimming pool, umbrella coverage can protect you against huge liability claims.

A good rule of thumb is to make sure that your home owner insurance covers your entire net worth. If your coverage limit on your current policy is less than this, you might want to consider umbrella coverage to add additional protection.