do retirees need an umbrella insurance policy 
if you have built up a substantial amount of assets and are at risk of being sued due to high risk items or activities such as having a swimming pool or boat or being a landlord you might consider an umbrella policy to provide additional liability protection the bottom linean umbrella insurance policy provides additional personal liability coverage for those with an existing policy the umbrella coverage kicks in when the liability coverage of the original basic policy has been exhausted those who own dangerous items that can cause injury such as swimming pools trampolines or dogs might buy umbrella insurance those engaged with others such as landlords coaches and board members might also buy umbrella insurance 