1. Umbrella Insurance Note Information in this presentation is derived from Insurance for Dummies by Jack Hungelmann. I highly recommend this book.

2. Personal Umbrella Auto and homeowner liability insurance policies are not enough– dollar coverage and type of incidents Umbrella Policy: A second layer of liability

3. How much to buy? Umbrella sold in million-dollar increments It is inexpensive What is your suability factor?

4. Umbrella Policy Should Cover Gaps in Insurance Gap: Liability risks not covered by primary (e.g., auto, home) insurance– Which gaps? It depends on your lifestyle.

5. Examples, Umbrella Insurance May Help Boat, ATV, and other “toy” rentals Liability when signing a contract (e.g., rental of a chain saw) Sailboat racing Car rental (even though your auto policy may cover; an umbrella policy will cover above and beyond the auto policy

6. In a perfect world 1 st, choose your umbrella policy first to make sure you have the coverage you need 2 nd, select your auto and homeowner’s insurance Insurance companies often when sell you an umbrella policy if you do not have your auto and homeowner’s with them.