Umbrella Policy Coverage Calculator

Recommended umbrella coverage = net worth + 5-10× annual income (lawsuit-protection rule of thumb).

Inputs

Result

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How to use this calculator

  • Enter net worth (assets minus debts).
  • Add years of income to protect (5-10 typical).
  • Round up to the nearest million-dollar policy tier.

About this calculator

An umbrella policy provides extra liability coverage above your auto and home liability limits. Recommended coverage equals at least your net worth (assets a lawsuit could reach) plus 5-10 years of income (protect against future earnings being garnished). Umbrella policies are cheap — typically $150-300 per million of coverage per year.

Frequently asked

Why so cheap per million?+
Underlying auto/home liability covers the first $300-500k. Umbrella only kicks in beyond that, where claims are rare.
Do I need an umbrella?+
If you have significant assets or future earning power and any liability exposure (driving, pool, dog, rental property), yes. If you're fresh out of college with no assets, no.
What does umbrella cover?+
Bodily injury, property damage, personal injury (libel, slander, false arrest), and liability from rental properties beyond the underlying landlord coverage.
Required underlying coverage?+
Insurers usually require auto liability of $250k/$500k and home liability of $300k. Umbrella sits on top.
Why round up to a million?+
Premium tiers are typically $1M, $2M, $5M. Bumping to the next tier is cheap; better margin of safety.

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