US 2028 Umbrella Policy
2028 umbrella policy: cover net worth + future income above auto/home liability limits. $1M = $150-$300/yr. $5M = $400-$700/yr. Cheap protection for high net worth.
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Personal umbrella policy: liability coverage above your auto + home limits. Protects against lawsuits exceeding underlying policies. Standard: $1M coverage = $150-$300/year. $5M = $400-$700/year. Recommended: 1-2x net worth + future earning capacity. Cheapest insurance dollar per coverage unit available.
Why Umbrella for High Net Worth
Auto liability typically $250k-$500k. Home $300k-$500k. A serious accident lawsuit can exceed $1M easily. Without umbrella: lawsuit wins = liquidate retirement, sell home. With $1M umbrella: $150-$300/year buys peace of mind.
Underlying Required
Most umbrella carriers require minimum underlying: $250k auto liability, $300k home liability. Sometimes $500k. Increase those first if needed before umbrella kicks in. Slight premium increase on underlying often required.
Activities + Exclusions
Standard umbrella covers: auto + home + watercraft + landlord rentals (up to 4 properties). Excludes: business activity (need commercial umbrella), professional liability (need E&O), intentional acts. Read declarations page carefully.
Last updated May 2026. Sources: III.