Additional coverage for an extra layer of protection:
Umbrella insurance has an unusual name, but it’s a simple concept–it’s an extra liability policy for added peace of mind. Most commonly, umbrella insurance is something you get in addition to either a car insurance or homeowners insurance policy.
Focuses primarily on liability claims:
Umbrella insurance is specifically about liability, which is the cost you might have to pay to somebody else for an unfortunate event where you are held responsible. It doesn’t usually include losses you bear yourself, such as if your property is damaged or your possessions are stolen.