Hello OP,I have a net worth of a little over 700k..at 38 years old. Do you think I need umbrella insurance? Single-no kids- no house.
I’m not entirely sure how it works..I just know it’s like “extra” insurance in the event I get sued. If someone could help explain it I would love that. Thanks for any advice!
If the majority of your NW is in retirement accounts then these are most likely protected from lawsuits. So you don't need umbrella insurance at this time.
Statistics: Posted by rossington — Tue Jun 11, 2024 4:56 am — Replies 5 — Views 397