Homeowners and auto insurances offer liability protection, but only up to policy limits. Umbrella insurance provides additional liability coverage beyond these policy limits. The added protection provided by these wealth management solutions could mean the difference between preserving and losing all of your assets.
An umbrella insurance policy is intended to protect your assets should a tragic accident, or another unexpected event occurs. Should you ever find yourself in a lawsuit, this policy will help cover the costs up until the determined limit is reached. An investment advisor can help you determine the best form of umbrella policy so your finances can be protected at all times.