Many financial experts will recommend buying enough liability insurance to cover twice your net worth. At minimum, it is wise to carry liability limits at least equal to the total of all of your assets.
Umbrella insurance provides liability protection above the limits of your auto, home and boat insurance. In many cases , your standard liability limits are simply not enough to protect against judgements in today’s courts. While your auto liability is often the greatest exposure, consider the additional liability you may assume when you serve alcohol to guests or entertain by a back yard pool.
Umbrella liability insurance is often inexpensive when you compare it to the additional protection you gain.