We suggest that homeowner and auto insurance should help insure you against catastrophic loss. Catastrophic losses are ones that destroy your home or liability or injury claims that leave you financially devastated. With this in mind, consider higher deductibles. Take the savings and invest in improved liability limits. Make certain that you have adequate Dwelling limits on your home so that you will be able to adequately re-build. Also, consider a Personal Liability Umbrella Policy. An Umbrella Policy “sits” over your home & auto liability insurance.