Rethinking Umbrella Insurance - For High Earners and High Net Worth Individuals
by Shyam A Sunder
It used to be not too long ago that $1 million umbrella insurance policy was plenty. People who had it thought they could sleep like a baby, and even a catastrophic event would not cause any problems in their
lives. A million may be enough for many people, but what about those with high incomes and assets to protect? With increasing jury awards, more people on the road, attorneys thinking not only about the assets they want to go after but also future incomes of the defendants, the $1 million policy looks inadequate. This article puts things in perspective on what and how much to cover.
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