Your auto and homeowners insurance are a good start. But they may not cover everything. There may be situations when you’ll want – and need – additional coverage.

For example, what would happen if:

• A neighbor trips on your steps
• Your dog bites a passerby
• You’re in a car accident and sued

These are just a few instances when an umbrella policy can provide coverage over an above your auto and homeowners plans.

An umbrella policy is considered one of the most economical personal insurance buys – especially if you consider that a lawsuit could easily deplete your underlying liability coverage limits very quickly.