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Do you really need to buy an umbrella? No. It’s not essential to survival; however, who is going to be happier outside when it does inevitably rain? It’s fair to say that the person covered by an umbrella is likely happier for being prepared. 
Umbrella insurance can be thought of as insurance on your liability insurance. For example, If you are ever sued for negligence, umbrella insurance is normally capable of covering many, if not all, of the often unpredictable expenses you are most likely to incur. In addition to legal representation, you might need to pay for property damages, medical bills or lost wages due to negligence. Perhaps the biggest reason to have umbrella insurance is that it can serve to protect you from having your personal assets, financial savings or even your home seized in order to pay legal fees and other possible costs resulting from your negligence. 
Some of the basic information you will most likely be required to provide when inquiring about umbrella insurance include: 
Name, date of birth, sex, marital status, occupation, driver’s license information. 
Accident and violation data for the last five years. 
Current insurance information, including the company, your expiration dates, and claims and losses for the past five years. 
Listing of other assets you own, including recreational vehicles, rental property and land. 
Listing of watercraft, aircraft and other vehicles you own or use for business purposes. 
Listing of all business activities conducted in your household, if any, as well as on other property you own.
Who Needs Umbrella Insurance? 
 Anyone who has a liability insurance policy which he or she could be sued for negligence, such as a vehicle or home, would be doing themselves a favor by at least considering additional umbrella coverage. 
Two important factors to consider, one, anybody can be sued, and two, umbrella insurance is affordable protection no matter what your budget. In fact, the Insurance Information Institute says that personal liability coverage of about $1 million can be purchased for as little as a few hundred dollars a year. So, since pretty much anyone can be sued, and pretty much anyone with a job can afford it, umbrella insurance coverage would be a smart purchase before the financial storm hits. 
Contact Maine Insurance Agency for Coverage 
We have been protecting our customers from life’s storms for more than 100 years. Contact us today and we can review your coverage and lifestyle so we can decide together whether umbrella insurance is protection you can use.