What happens when your liability insurance coverage falls short?

Q.) What happens when your insurance coverage falls short?
A.) The court orders the liquidation of assets.

Assets at Risk when the Insurance runs out:
-Real Estate
-Future Employment Earnings
-Valuable Collections

Umbrella Liability Insurance policies are very inexpensive – with so much at risk why wouldn’t you purchase a policy, essentially keeping a lawyer on retainer?

The 1% Fear Being Sued But Shun Umbrella Insurance – Forbes