What is an umbrella policy?

An umbrella policy is an extra layer of insurance coverage in Washington that provides additional liability protection and financial security to individuals. It is an insurance policy that goes above and beyond household, auto and other liability policies. With an umbrella policy, individuals are able to increase their liability coverage and protection beyond the limits offered by their standard policies. For example, if an individual has a $100,000 limit on their auto insurance policy and they are at fault in an accident that costs a million dollars, the umbrella policy will provide coverage for the remaining amount. Thus, an umbrella policy provides individuals with an extra layer of financial protection and security when necessary. Additionally, umbrella policies in Washington often cover litigation costs associated with a legal dispute, such as court costs, attorney fees, and even settlements.

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What is an umbrella policy?

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