Whenever I have looked at umbrella policies, they only covered the same risks as the underlying homeowners or automotive insurance policies, but they increased the liability limits. Personally, I would only need additional liability coverage for automobile accidents. If you are comfortable with a $1 million limit on automotive liability, you can get that amount with a regular Allstate or State Farm auto policy. Many other auto companies have a maximum liability limit of $250K, which I think is inadequate. I have never found the extra cost for an umbrella policy to be worth the cost. I have $1 million in liability with my State Farm auto policy, and $500K with my Progressive homeowner's policy.
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