An umbrella policy is an additional layer of liability insurance that can protect you if you are sued for damages that exceed the limits of your primary insurance policies. Here is a breakdown of the key components of an umbrella policy.

Homeowner's insurance policies come in many different types or “policy forms” but two of the most common are the HO-3 and the HO-5 policies. While both policies provide coverage for your home and personal belongings, they differ in the scope of coverage and the level of protection they offer.