If you receive our newsletter, you definitely will want to see the Fall issue as I do an in depth article on why you should have a personal umbrella policy. In the old days if you caused more damage than what you had insurance to cover i.e. you cause a school bus to wreck, after they got your insurance money it was pretty well over. Now more and more insurance companies and attorneys are running credit and financial checks on people, to see if there is some savings or relatively easy money to get. In one Florida case a retiree had to fork over $40,000 to cover the balance of a liability loss because he had inadequate insurance. Just food for thought.