Everyone should consider carrying an umbrella policy.
If you engage in a high-risk activity or hobby that increases your odds of getting sued — such as having a teenage driver, owning a swimming pool, or frequently entertaining — then you have every reason to consider carrying an umbrella policy. If you are found legally responsible for injuring someone or damaging property, and you don’t possess a personal umbrella liability insurance policy, anything beyond the limits of your standard liability insurance coverage will come out of your own pocket.