I think this is a good choice for an umbrella. I love the big dome, the high quality material and the push open/close function. However, the material is so thick that it can be very, very difficult to re-wrap it after use (i.e. trying to pull it tight enough to put velcro on it). You put a lot of effort into twisting it super tight before you can snap it into place. It's also a fairly heavy umbrella and I prefer something smaller or lighter for my handbag, but this offers much better coverage than handbag-sized umbrellas and is a good middle ground between a mini umbrella and a larger/chunkier type.
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