What is Personal Umbrella Insurance? Most people have standard insurance policies to protect their personal assets, like homeowners, auto, and life insurance. However, these coverages do not account for the many sudden things that can happen over the course of your life. Accidents happen, people make mistakes, and sometimes there are major costs associated with these unforeseen events. Fortunately, you can add personal umbrella insurance to supplement your other policies and add an extra layer of protection to your assets. Personal umbrella insurance kicks in when your liability coverage on other policies is exhausted. For example, if you were to be involved in an automobile accident, you could be responsible for damages and/or injuries. Your umbrella policy will cover resulting liability that exceeds the amount covered by your existing standard policies. Personal umbrella policies can also be written to account for damages associated with events not covered by your other policies....