Should I add an umbrella policy to my home insurance?

I'm buying my first home and I know very little about home insurance. I've heard that adding an umbrella policy is a good choice. Should I add this to my home insurance policy?

Answer
“An umbrella policy is a type of liability insurance that extends the coverage of your home insurance or car insurance policy.
Umbrella policies cover claims after your original policy’s coverage has been exhausted. It also covers claims that your original policy may exclude.
For your home, this can be a lifesaver if your original policy doesn’t cover 100% of the damage of a particular scenario. The best part is that it’s relatively affordable in addition to your base homeowner’s policy.
You can check with your current home insurance company to see if they offer umbrella coverage. Companies like Travelers and GEICO are known to offer umbrella policies.”
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Eric Schad
Answered on Aug 12, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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