That's called a hangnail. It's kind of a funny name, because it's really your skin that tears, not the nail. Hangnails are really common. But they still can hurt. And, if germs get in there, the skin can get infected.
For example, if you have $500,000 in liability insurance on your auto policy and a $1-million umbrella policy, youâll have a total of $1.5 million in liability coverage. If youâre looking for extra cash to afford the umbrella policy, Howard recommends raising your auto-and homeowners-insurance deductibles.
If the limit of liability is used up on the underlying policy then the umbrella kicks in to provide additional coverage. Umbrella insurance policies are an important part of every insurance program.