Umbrella insurance is a type of liability coverage that kicks in when your other policies (like auto or homeowners) max out.

An umbrella insurance policy sits on top of your underlying insurance policies. In covered situations, when the limits on the underlying policies are exhausted, your umbrella insurance policy will ...

Scott Nyerges is a former senior editor and content strategist at U.S. News & World Report, where he led coverage of car insurance and other personal insurance lines. He's also served as a managing ...

Penny Gusner is a senior insurance writer and analyst at Forbes Advisor. For more than 20 years, she has been helping consumers learn how insurance laws, data, trends, and coverages affect them. Penny ...

The extra insurance meant to cover extreme situations for which regular car and home policies aren’t enough is now needed more often. Umbrella insurance usually kicks in after the limits on people’s ...

This transcript was prepared by a transcription service. This version may not be in its final form and may be updated. J.R. Whalen: Here's Your Money Briefing for Monday, August 5th. I'm J.R. Whalen ...

Umbrella insurance isn’t just for millionaires or high-risk daredevils. It’s a type of extra liability coverage that could protect your home, income and savings if you’re ever hit with a costly ...

State Farm General, already seeking an emergency 22% rate hike for its homeowners insurance, has asked California regulators for an even larger increase for its add-on umbrella insurance. The state’s ...