CAMICO insurance tip of the month: personal umbrella.

Problem: Your 18-year-old son is speeding in your car when he crashes into another car, injuring the other driver and causing expenses and damages far exceeding the limits of your auto insurance policy.

Solution: A personal umbrella policy provides higher personal liability limits that may be needed to protect a firm partner (and his/her estate) from a wide range of liability exposures in excess of the limits provided in the required underlying...