Umbrella Insurance

What Umbrella Insurance Is and Who Needs It Insurance policies can be confusing, so it’s nice when you can at least understand what their names mean. Umbrella insurance provides us with a perfect example a self-explanatory name. On the most basic level, insurance policies and umbrellas perform the same function: protection. Insurance protects you from financial hardships and an umbrella protects you from nasty weather. A cynic might argue that insurance is just a waste of money because you don’t receive anything tangible from it unless something bad happens. These folks would rather keep their money or spend it on other things than protection against the risk that something might happen. To counter this argument, we once again refer to the umbrella analogy. Do you really need to buy an umbrella? No. It’s […]