What is balloon insurance?

Question:
do i need balloon coverage

Answers:

Getting my drivers license and joinin the military?

Im guessing that balloon coverage means the same thing is an umrella policy. And if so a balloon policy would be a policy that can provide up to two million dollars of extra liability coverage for people who need insurance against certain risks, such as lawsuits, pools in your yard, or auto coverage.
It is a good thing to have because if you get in an accident and kill someone most states will automatically pay that persons family 500,000 for damages, plus whatever they claim from your insurance. That right there will take care of most peoples liability coverages on there veh.. The balloon policy provides an added amt of coverage in a case like this...

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