Why You Need an Umbrella Policy
Many people have the mistaken impression that umbrella insurance is only for the wealthy, but that’s not true. Personal finance specialist and CPA Mitch Freedman says, “As long as you can earn a livelihood, you should have an umbrella liability policy.” That’s because if you do lose a lawsuit, you can be held personally liable based not only on your current assets, but also on all future earnings. Wages can be garnished as part of a legal settlement. An umbrella policy protec
