Not sure what umbrella insurance is or if you need it?  Matthews Barnett, CFP®, ChFC®, CLU®, Financial Advisor, discusses the term umbrella insurance, which is an overarching insurance policy that covers more than just your car or home. Finding yourself in a situation where you are held liable is terrifying, but with umbrella insurance there is less worry. Being relatively inexpensive, it is worth it to protect your finances.