Umbrella Insurance: Cost Effective and NECESSARY. Here's why + how much you need.

You may find yourself asking, "Do I need umbrella insurance?"

Choosing the right insurance coverage is important throughout all of life. Umbrella insurance is one of the more valuable types of insurance that you can purchase.

For a few hundred dollars per year, you can add personal liability coverage on top of your current home and automobile coverage. This can be significant if an accident were to happen on your property or while you are driving.

Take a few minutes to learn about umbrella insurance and the benefits that it value that it can add to your financial stability.

This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv

Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor at Retirement Planning Services, Spencer brings a wealth of experience and passion to help clients align their wealth with their core values.

Advisory services offered through Retirement Planning Services, LLC.

The information in this article is intended for general educational and informational purposes only, and should not be construed as investment advisory, financial planning, legal, tax, or other professional advice based on your specific situation. Please consult with your professional advisor(s) before taking any action based on its contents.