You have an auto insurance policy and a homeowner’s policy, so you are covered, right? Not necessarily. In the event of an at-fault auto accident or an incident on your property, the liability limits on these policies may not be enough. Depending on the judgement, you may be responsible for damages that exceed the limits on these policies. This goes not only for home and auto, but renters, motorcycle, and boat policies as well. A personal umbrella liability insurance policy can help provide the extra coverage you might need.