An umbrella or excess liability policy is a good way for high-net worth individuals to protect their assets. This type of policy is an extra layer of liability coverage above and beyond your personal auto policy, homeowners, motorcycle or boat policy.
Anytime an injury occurs on your property, you could be held liable even in the event that you are note present.
who's it for?
Anyone and everyone who can afford it
(it is surprisingly inexpensive)
Excess liability above your home liability limit
Excess liability above your auto liability
Excess liability above your boat insurance