The amount of personal umbrella insurance you need depends on various factors. Generally, the more assets you have and the higher your net worth, the more umbrella coverage you should have. You may also look to your risk profile for guidance. You should consider the value and types of property you own (e.g., investment properties or trampolines), and if you engage in activities that may lead to lawsuits (e.g., regularly inviting guests to your home or posting online reviews).
The team at Nobles Insurance Agency Inc. can help you secure the proper umbrella insurance coverage. Contact us today for more information.