Benchmark Agency Blog

Why Do You Need Umbrella Insurance?

When it rains, it pours. In the case of some lawsuits, it can be a monsoon. You have home and auto insurance policies that protect you from limited liability claims, but when those costs exceed your coverage, you are left exposed to the torrential downpour. You need an umbrella insurance policy to keep you safe and dry. Umbrella policies start to work after your home and auto insurance limits are exhausted, providing you with extra liability coverage. Very few home insurance or car insurance policy limits exceed $500,000