[Rick Lee]

Ok, can someone here please explain how an umbrella policy works? Is it just a higher dollar limit on whataver kind of policy you get sued under? If my car insurance is $100k per person, $500k per accident, does the umbrella kick in if I get sued for more than $500k from a car accident?

Also, what happens after a policy has paid out its limit on one claim? Do they drop you or start it over with higher premiums? Can you ever get such coverage again after a monster claim?