Great question!
Umbrella insurance is not required coverage. A licensed insurance expert can help you if umbrella insurance makes sense for you, how much you need, and where to find the right coverage.
Here's a general rule of thumb for considering umbrella coverage:
You might want to consider umbrella insurance if the total value of your assets is higher than the limits of your auto or home insurance liability. Those assets should include your cash accounts, retirement, college savings and investment accounts, and your home equity.