Like all insurance products, umbrella insurance is something you hope you never have to use. But if and when the unexpected rears its ugly head, you sure will be glad you had it.
And the truth is, because of its versatility and the added liability and legal cost protection it provides, umbrella insurance is one of the most valuable insurance policies you can buy. In the event of a lawsuit a lawyer can cost hundreds of dollars—per hour. That alone can make umbrella insurance more than worth the low amount you pay.