Say you have Auto Insurance, Home Insurance and/or Boat Insurance, but they are only up to a certain liability limit. In case you incur damages beyond your policy limits, Umbrella Insurance is there to safeguards against the liability limits you already have that may one day not be enough to cover your damages. It furthermore provides coverage for slander, libel or defamation, malicious prosecution and other personal liability circumstances. Umbrella Insurance is designed to help protect against major claims and lawsuits pertaining to your existing policies.
It’s like a security guard for your existing policies.