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| If you are ever
sued, your standard homeowners or auto policy will
usually provide you with liability coverage which pays
for judgements against you and your attorney's fees.
However, you may want to have an extra layer of liability
protection. That's what a personal umbrella liability
policy provides. It kicks in when you reach the limit on the underlying liability coverage in a homeowners, renders, condo, or auto policy. An umbrella policy will also cover you for things such as libel and slander. If you feel insecure with the amount of insurance you have, then you should consider purchasing a personal umbrella liability policy. This additional protection is usually quite inexpensive - a few hundred dollars for $1 million or more coverage. Because the personal umbrella policy goes into affect after the underlying coverage is exhausted, there are certain limits that usually must be met in order to purchase this coverage:
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