The pilot in the multi-engine airplane reported that following an instrument approach, the airplane broke out of the clouds about 600ft AGL. Concerned with the length of remaining runway, the pilot felt that the airplane was too high for a safe landing on the wet asphalt. The pilot requested to circle and land. The tower controller cleared the pilot to circle and land on a 4,000ft runway. During the landing roll, the pilot reported that as the airplane approached the last taxiway the airplane was "sliding instead of stopping", and it over-ran the runway. The airplane exited the departure end of the runway and rolled down an embankment, impacting a chain link fence and trees. According to Federal Aviation Administration Aviation Safety Inspectors, the airplane touched down with about 1,300ft of runway remaining. The pilot informed the ASI that there were no mechanical issues with the airplane. The airplane sustained substantial damage to the fuselage and both wings.