You can often obtain $1 million in coverage for just a few hundred dollars per year. What’s more, layering in this protection doesn’t have to break the bank - umbrella policies are generally affordable. They also can move beyond the bounds of your property line or automobile to cover damages to other people’s property that you or a family member might be responsible for.

You can extend coverage to other members of your family - or your household. Umbrella policies can cover more than just the policyholder. But an umbrella policy can provide an extra layer of protection by picking up where existing policies leave off. Your home, savings accounts and other assets might be at risk if you’re found liable for medical expenses and property damage beyond your coverage limits. Good liability coverage can give you adequate protection in many typical situations, but if something beyond the ordinary occurs - like multiple people are injured in an automobile accident you caused - the total claims and damages could exceed your coverage. When unexpected things happen that fall outside the parameters of typical liability coverage, an umbrella policy can keep you from getting financially deluged. That’s where an umbrella policy can come in handy.

But then you get a call from your boss - that funny meme you made at the office holiday party has gone viral and now you’re getting sued by a coworker! While you’ve got lots of insurance, none of it covers this. You think you’ve got all the insurance coverage you need: homeowners, auto, medical and life.

People only rain on your parade memes