Umbrella Insurance Calculator

Umbrella insurance provides extra liability coverage beyond your auto and homeowner's policy limits. It covers bodily injury, property damage, certain lawsuits, and personal liability situations like defamation. It kicks in after your underlying policy limits are exhausted.

A common guideline is to carry umbrella coverage equal to your net worth plus estimated future earnings that could be garnished in a lawsuit. At minimum, most financial advisors recommend $1 million. Those with significant assets should consider $2-5 million or more.

Yes, for most homeowners and car owners. At $150-$400/year for $1 million in coverage, it's one of the most cost-effective insurance products. A single serious car accident or lawsuit can easily exceed standard policy limits of $300,000-$500,000.