Umbrella insurance is a type of coverage that you can purchase to protect your assets once you get sued. Suppose you have significant savings, own property, or other things with value, and could get sued for them. In that case, umbrella insurance is always worth it!
Umbrella policies are worth the investment if you’re a homeowner, an investor, or any other type of business owner that someone could sue. They protect against lawsuits where your auto and home policy don’t apply like slander suits, for example. It’s far easier to meet one-time expenses through insurance than it is with court time!