Do You Need Umbrella Insurance? Protecting Your Wealth
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Oct 20, 2024
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Insurance Expert
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6 min read
Standard auto and home policies have liability limits. Umbrella insurance kicks in when those are exhausted.
Who Needs It?
If your total net worth is greater than the liability limits on your existing insurance, you need an umbrella policy.
Incredible ROI
Umbrella insurance is famously cheap, often costing just $200-$300 a year for $1 million in additional coverage.
Broad Protection
It covers you for things your home and auto don't, like personal liability while traveling or libel/slander cases.