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What is an umbrella policy and who is it for?

Umbrella insurance acts as a shield for your assets if you are sued. It is an extra layer of liability protection that kicks in when your other insurance policies, such as homeowner's or auto, have reached their limits. Umbrella policies aren't just for the wealthy — they're for anyone who has assets that might be at risk if they are responsible for a serious accident. Perhaps your family has a swimming pool, trampoline, or swing in the backyard that poses a danger. If you have frequent visitors to your property, there's a risk of accidental falls. Maybe you're a golfer who narrowly misses hitting someone during every round. Perhaps you are one of the millions of people who are distracted while talking on your cell phone while driving.

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