Expensive lawsuits are common in today’s world. How do you protect yourself in case someone slips on your sidewalk and decides to sue you? A standard homeowner’s policy does not necessarily cover all of those expenses, so you’ll need to obtain additional coverage to protect yourself in these situations. An umbrella policy provides an extra layer of liability protection should you be found liable for causing damages that go beyond the limit of your policy, such as bodily injury to others or their property. These policies usually have small premiums and are extremely important for people with many assets to protect.