Umbrella Insurance, Coverage Gaps, and What a $483 Bar Tab Taught Us About Money

Learn when umbrella insurance is worth buying and what a $483 bar tab can teach you about being an informed consumer.

When does umbrella insurance actually make sense for your finances? What happens if a lawsuit leaves you on the hook for more than your home or auto policy could cover? Hosts Sean Pyles, CFP®, and Elizabeth Ayoola are joined by insurance nerd Caitlin Constantine to tackle a listener’s question about umbrella coverage: what it actually is, how it layers on top of your existing home, auto, and renters policies, what umbrella insurance won't cover, and how to figure out whether your current assets and policy limits leave you exposed.

Then, Elizabeth shares money lessons she took away after she and a friend accidentally racked up a $483 bar tab, including handling financial mistakes with grace and the secret power of forgiving yourself.

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