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Updated over 4 years ago, 04/19/2020

Michael Win's profile image
Michael Win's profile image
Michael Win
  • from Austin, Texas
  • Member since Mar 9, 2015
Connect

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61
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21
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Michael Win's profile image
Michael Win's profile image
Michael Win
  • from Austin, Texas
  • Member since Mar 9, 2015
Connect
Michael Win
  • Austin, TX
21
Votes |
61
Posts
Insurance

Umbrella

Michael Win
  • Austin, TX
Posted

Hi all,

I have 7 rental properties, high income professional (4-500K/yr), have a 1 mil+ personal residence, 1mil+ liquid/IRA net worth. 41 YO.

My properties are under my name and will not put them under an LLC. I currently have a 1 mil umbrella but my insurance agent thinks I should be at 3-4 mil.

Is 1 Mil enough or should I bring it up to 3-4 mil.  The cost would be an extra $750/yr

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