Umbrella Insurance
Protect savings from lawsuits.
What is umbrella?
- Extra liability coverage above home + auto.
- Kicks in when those policies max out.
- Covers $1M-$5M+ excess.
- Cheap — $200-$500/year for $1M.
- Protects your retirement savings.
- Best deal in insurance.
Why seniors need it
- Have assets to lose (retirement savings).
- Lawsuits could wipe out 401k.
- Visitor falls at your home — sues.
- Car accident more than auto policy.
- Dog bite litigation common.
- Drink + drive accident catastrophic.
Coverage amount
- $1M — minimum recommended.
- $2M — for moderate net worth.
- $3M+ — high net worth.
- Match coverage to net worth.
- Cheaper than you'd expect.
- Renew annually.
Cost
- $1M coverage = $200-$300/year typical.
- $2M = $300-$500/year.
- Bundle with home + auto for discount.
- Most affordable insurance you can buy.
- Insurer requires home + auto with them.
- Or umbrella standalone at slightly higher rate.
Get a quote
- Call your home/auto insurer.
- Quote takes 15 minutes.
- Provide net worth + assets info.
- Discuss coverage with agent.
- Decision in days.
- Effective immediately when bound.
When critical
- Have pool or trampoline.
- Dog with bite history.
- Frequent home guests.
- Active driver still.
- Substantial retirement savings.
- Live in litigious state.
Best $300/year you can spend
For seniors with $200,000+ in savings, umbrella insurance at $200-$500/year is the most cost-effective insurance available. Protects your retirement from one bad lawsuit. Many seniors don't know about umbrella insurance — call your insurer today and ask for a quote. 15 minutes could save your retirement.