The way I view umbrella coverage is that it buys you much better legal defense/coverage. Say you ARE at fault for some damage, are being sued for an overly large amount, say $1,700,000 and you have a $3,000,000 umbrella. If you had only $300,000 of coverage the insurance company may decide it is cheaper to pay the claim and walk away leaving you to fight the remainder of the claim, $1,400,000. But, you can bet they will stay in your corner if they are on the hook for the full claim. The potential loss of millions buys much better and many more lawyers' fees.
If you are going the umbrella route, my suggestion would be to consider using the same insurance group to insure all the basic risks and of course use a compentent agent to make sure all risks are covered and scheduled in the umbrella policy. If disaster happens, you want everything to be seamless and not have different insurance companies fighting among themselves.
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All of us could take a lesson from the weather. It pays no attention to criticism.
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