Umbrella Liability Calculator
How much umbrella insurance do you need? Calculate based on your total assets and annual income. Umbrella coverage kicks in when your auto/home liability limits max out.
Frequently asked questions
Why do I need umbrella insurance?
Umbrella insurance acts as an extra layer of liability protection on top of your auto and homeowners insurance. If you cause a serious car accident or someone gets severely injured on your property and the damages exceed your standard liability limits, umbrella steps in to pay the difference. Without it, a lawsuit could wipe out your savings and future wages.
How much does umbrella insurance cost?
About $150-350 per year for $1 million in coverage, and each additional million is typically $50-100 more. The cost is tiny compared to the potential damage from a liability lawsuit.
Can anyone buy umbrella insurance?
You need at least auto insurance and usually homeowners or renters insurance as a base. Most carriers require you to have specific minimum liability limits on your base policies before they'll sell you an umbrella. If you drive or own property, ask your auto/home carrier about adding umbrella — it's almost always cheaper through your existing carrier.