Nature Lover
Recycles dryer sheets
I carry $5 million; cost is ~$300, but there's also the cost to increase the liability limits to $500k on HO and Auto. I sized this not based on my assets...but on the likely size of any claim here in the Bay Area. In a HCOL area, with higher pay, lost wages claims are higher and health care claims are ridiculous. I used to be on the Board of a Risk Pool, and the amounts claimed in litigation were much higher than I would have expected. While I'm a good risk, I'm choosing to let the insurer deal with it if there are ever any claims. It'll be their money and they'll have professionals to deal with any claims.
The marginal cost of having the umbrella is worth it for me.
The marginal cost of having the umbrella is worth it for me.