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Personal Liability Protection: Umbrella Insurance for High Net Worth Individuals

by
Matthew Blume, CFA

For many individuals, an Umbrella insurance policy is an important form of added protection; for affluent individuals, such coverage can be critical. The maximum possible loss that can impact a policyholder’s possessions is generally quantifiable and limited by their value; loss from liability to third- parties is both unknown and potentially devastating. An Umbrella policy serves to greatly reduce this exposure and can be an essential part of an individual’s portfolio of personal protection coverages.