Optimal Finance Daily · Wednesday, July 15, 2026
Erik Carter discusses umbrella liability insurance as an underutilized protection against lawsuits exceeding standard auto or homeowner's policy limits. He notes that this coverage, crucial for individuals with significant assets, typically costs only $100 to $200.
“This little-known type of insurance covers you in case of a lawsuit that exceeds the coverage provided by your regular auto and renter's or homeowner's policies.”
“It can be especially important for anyone whose assets make them a target, but your future income could be attacked too.”
“It generally only costs $100 to $200 for that extra piece of mind.”