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For about $12 per month, you can be covered by a $1 million umbrella insurance policy. I’m a lawyer, trust me on this one: that’s worth it. Umbrella insurance provides a second layer of insurance over other policies you already have, like auto or homeowners’ insurance. If a catastrophic accident occurs, you almost certainly do not have enough liability insurance.
For about $12 per month, you can be covered by a $1 million umbrella insurance policy. I’m a lawyer, trust me on this one: that’s worth it. Umbrella insurance provides a second layer of insurance over other policies you already have, like auto or homeowners’ insurance. If a catastrophic accident occurs, you almost certainly do not have enough liability insurance.
The more you have, the greater the need to protect your savings, your home and other assets. If you’ve worked a lifetime to create wealth, it would be foolish not to spend a few dollars to protect it.