Ohio umbrella insurance raises your liability coverage limits. It is also known as extra liability insurance or extra insurance. Even if you already have liability coverage with a home, auto, boat or business policy, the umbrella policy pays liability claims that exceed the coverage limits on those policies. For example, if you have auto liability insurance for $50,000, and you cause an accident with $100,000 in damages, the umbrella insurance pays the additional $50,000 of the claim. Without the umbrella coverage, you would have to pay the excess liability out of your own pocket.