Umbrella

A typical auto insurance policy has limits of $100,000 per person and $300,000 per accident, and $50,000 property damage. Depending on the extent of the damage and injury, you are responsible for paying the rest, if you are at fault in an accident, and that means you may have to hand over your home, stocks, retirement or college funds, or any other significant assets.

Umbrella Insurance can protect your family's assets in situations that go beyond the normal limits of an auto or homeowners policy. You can typically buy umbrella policies with $ 1 million dollar limits starting aroung $170 a year. This makes umbrella insurance a very affordable way to provide a buffer between an unfortunate accident and what you've worked for.