What does a Personal Liability Umbrella Insurance Policy entail?

Many car and home insurance policies have a coverage limit of less than a million dollars, but it’s not uncommon for claims to exceed that amount nowadays. If a judgment or settlement surpasses the policy limits, the insured is responsible for paying those costs. To increase the liability coverage limit, individuals can acquire a personal liability umbrella insurance policy through an insurance agent. Additionally, the agent can incorporate uninsured/underinsured motorist coverage into the umbrella policy to enhance the insured person’s protection against drivers without insurance or with insufficient coverage.