BiggerPockets Money Podcast · Friday, October 23, 2026
Tad Fallows and the podcast hosts strongly recommend umbrella insurance policies as a low-cost, high-value tool to protect high-net-worth individuals from extreme liability and tail risks. Fallows notes that policies offering up to $10 million in coverage can often be obtained for under $3,000 a year.
“umbrella insurance basically picks up your liability wherever your normal insurance ends and adds a lot of money on top... The price is incredibly low. It's under $3,000 a year. You can get 10 million of coverage.”