NEXT Insurance, a digital small business insurer, today announced it is expanding its insurance offerings for small businesses with the launch of commercial umbrella/excess liability in 41 states ...

K.R. in Boone County: I'm 52 and have about $1 million saved. I'm wondering if I need umbrella insurance. Is it actually a smart purchase or just another way for insurance companies to make money?

Farmers Insurance has plans to reduce its coverage in Florida, a move that will ultimately result in some Floridians needing new auto, home or umbrella insurance policies.

Umbrella insurance is designed to kick in when the limits on your other policies have been exhausted. But with inflation pushing the price of nearly everything higher, that's happening more often.

Key takeaways: Carry enough term life insurance to cover costs such as education debt and home mortgage expenses. Umbrella insurance does not provide additional medical liability coverage but does ...

According to Ramsey Solutions, anyone with a net worth above $500,000 needs umbrella insurance. If you have that much money, then adding umbrella insurance could be a small price to pay, as you ...

However, umbrella insurance extends that coverage to much higher limits. Say a visitor injures themselves on your property, for example, and sues you for an amount that exceeds your homeowner’s ...

Your insurance policy could pay for the first $150,000 of this claim. Then, an umbrella insurance policy could pay that remaining $100,000 for which you would otherwise be personally liable.

Umbrella insurance, on the other hand, actually broadens the scope of coverage and can cover situations not covered by your base policies.

So if you face a $500,000 liability lawsuit from a guest getting injured on your property, your homeowners insurance might cover the first $300,000 and the umbrella insurance might cover the ...

Umbrella insurance is less expensive than you would think. If you do not already have umbrella coverage or are considering increasing your existing coverage, don’t wait. Get a quote.