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Understanding Umbrella Insurance

Contributed by Susie at Financial IQ by Susie Q

What is an umbrella insurance policy? And does it have anything to do with the rain? It doesn't, but metaphorically it does cover you should other existing insurance policies you have fall short.

Consider umbrella insurance an extra layer of liability coverage for life's unexpected accidents. 

In this quiz, we’ll help you understand what it is, how it works, when one would consider it, and help you determine if it's something you need. Let's do this!

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