Umbrella Insurance: $1M Protection for $200/Year

The Problem

Your auto and home policies have $100-300K liability limits. A serious accident could exceed that.

The Hack

Ask your insurer about an umbrella policy. $1 million in additional liability costs $150-300/year. It kicks in after your auto/home policy limits are exhausted.

Why It Works

Lawsuits from car accidents, injuries on your property, or even social media posts can exceed standard policy limits. An umbrella policy protects your savings, home equity, and future earnings.

Pro Tips

• $1M coverage for ~$200/year is incredibly cheap protection
• Especially important if you have assets worth protecting
• Covers auto, property, and personal liability above base policies
• Required: meet minimum underlying policy limits first