Families spend a lifetime building a legacy and tragically, just one lawsuit can place that legacy in jeopardy. The truth is that the most important coverage in one’s private insurance portfolio is personal liability insurance. Without it, your hard-earned assets are at risk. Personal excess liability coverage—commonly called an umbrella policy—protects individuals from a covered claim brought against them, personal injury, or property damage in excess of underlying policies. It is a critical layer of protection.