Umbrella liability insurance main purpose is to protect you and your assets from the financial fallout of common risk. For example, if you get into an automobile accident or someone has a mishap involving your property, you may be responsibility for damages or injuries. Umbrella insurance will cover any resulting lability that exceeds the amount covered by your standard auto and home insurance coverage. In the event that you become the target of a lawsuit for a substantial amount of money, but don’t have enough insurance to cover the damages that may arise, the expenses would have to come out of pocket. That’s when your umbrella insurance will kick in when the liability coverage on those policies has been exhausted. When you are thinking about protecting your personal assets, there are items that come to mind: your car, house, investment accounts, and savings. An umbrella policy will protect your assets and give you a peace of mind in an unforeseeable accident. That’s why umbrella insurance is important and will protect from financial hardship for your family.