An Umbrella policy is excess liability coverage that protects your family and assets.This coverage comes into play when your basic homeowner, auto or watercraft insurance is not enough. Here are a few important things to remember about this kind of policy. It protects you against bodily injury and property damage claims filed against you. Other important things to know about an Umbrella Policy are that in can help cover the costs of legal fees, false arrest, libel, slander and even invasion of privacy. To qualify, most companies require that your Bodily Injury coverage be at least $250/500k and Property Damage Coverage be at least $100k. A million dollar policy would normally range between $150-$500 per year, depending on the circumstance of the person applying for the policy, which is quite reasonable considering the level of protection you receive. For more information, contact our office.