What is Umbrella insurance?
If you see the words “Excess Liability Policy” anywhere, that’s the same thing. It kicks in when the limit on the underlying policy is reached.
If you are ever sued, your standard homeowners or auto policy will provide you with some liability coverage, paying for judgments against you and your attorney's fees, up to a limit set in the policy. An umbrella personal liability policy kicks in when you reach the limit on the underlying liability coverage in a homeowners, renters, condominium and auto policy.
It will also cover you for things such as libel and slander.