Consider an umbrella when what you could lose in a lawsuit is larger than the liability limits on your auto and home policies. Teen drivers, a pool, a dog, rental property, and a board seat all raise the odds of a large claim.
An umbrella typically starts at $1 million of additional coverage and costs less than most people expect, because the underlying policies pay first.
This article is general information, not advice about your policy. Coverage depends on the policy and carrier. Questions? Call 708-303-6666.