what is umbrella insurance and who needs it

What Is Umbrella Insurance? The Secret Shield 97% of Wealthy People Use (But Most Ignore) Imagine this: You’re hosting a backyard barbecue. Your dog—usually gentle—nips a neighbor’s child. The medical bills pile up. Then comes the lawsuit. Your homeowner’s insurance covers $300,000… but the claim is for $1.2 million. Suddenly, your savings, your car, even…