While many people are familiar with traditional auto and homeowners insurance policies, umbrella insurance is the coverage you will want to have if there is an expensive claim filed against you. As claims become more far reaching, Hunter Insurance would like to describe what this insurance policy does and why you should consider adding it to your portfolio of insurance packages. Widely viewed as the fail-safe insurance for your valuable possessions, umbrella coverage comes into play when claims exceed the dollar limits of your insurance policy. Consider what would happen if you hit another vehicle, and the damages collectively exceeded $60,000. To add to this misfortune, the medical expenses are over $300,000. If your policy limits are exhausted, you could be liable for covering the remaining cost of the damages and your assets could be in jeopardy. One way to avoid this scenario is by having umbrella insurance, which would cover the remaining amount you may owe. People who own their home have the most to gain from an umbrella policy because they face a greater risk of being sued. However, individuals who take part in certain activities could equally benefit from an umbrella policy. If you coach a kids’…

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