Don't Get Left Standing in the Rain Written by Darlene Haley on 12/10/2010 10:00 AM . It has 0 Comments. Darlene Haley explains why you might need some extra protection for a rainy day... Ever wonder if the liability from your personal home and auto policies is sufficient to protect you in the event of a loss? Do you: Sit on a board of directors or serve as an executive for a non-profit organization? Volunteer or belong to a non-profit organization or service club? Own a boat, snowmobile, ATV, or other type of recreational vehicle? Travel outside of Canada? Is simply increasing your liability limit on your home and auto policies sufficient to provide adequate protection for the above exposures? Maybe not! The last thing you want is to volunteer to help out with an organization, and end losing your home because you don't have enough liability insurance. Or rear end a cardiac surgeon and not be able to put your kids through university. Is it likely? No... But it's a sad commentary in our society when that you have to worry about this stuff, and it's a reality of life. We are becoming more and more litigious and as a result, we have to think about protecting ourselves. That's why many of us might need an Umbrella policy which sits on top of our auto and homeowners policies with an added layer of protection. In addition, an umbrella policy can provide coverage for claims that may be excluded by the basic - things like policies, slander, invasion of property, and libel. Don't get left standing in the rain. Once you get wet, it's too late.