Umbrella insurance provides liability coverage above and beyond your home and auto policies. A $1 million umbrella typically costs $150–$300 per year.
Umbrella insurance provides liability coverage above and beyond your home and auto policies. A $1 million umbrella typically costs $150–$300 per year.
Retirees with significant assets are targets for liability lawsuits. A single at-fault car accident can produce a judgment that wipes out a lifetime of savings. Umbrella coverage is the cheapest asset-protection insurance you can buy.
Buy umbrella coverage at least equal to your net worth. A plaintiff's attorney will stop pursuing assets above your policy limits only if the underlying judgment is fully satisfied — anything above your coverage is at risk.
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