Umbrella Insurance

Once you have assets worth protecting, umbrella insurance is absurdly good value. It provides $1-5 million in additional liability coverage beyond your auto and home policies.

A $1 million umbrella policy typically costs just $150-$300/year — a tiny price for that much protection.

Why does it matter? If someone is seriously injured in an accident you cause, the damages can exceed your auto policy limits. Without umbrella coverage, a court can reach your personal assets and even garnish your future wages.