Too much umbrella insurance?

[u/dereku1967]

I am not an attorney, but I work with one in a large company. We were talking a few weeks ago about umbrella insurance. She said she only carries $1M, because the first thing the opposing attorney will ask for is for the total insurance amount available. She believes a higher Insurance value makes you more of a target. I’m currently insured for $5M, and if there’s any logic behind this, maybe I should drop mine down to just $1M.

For context, I’m in my mid 50s, but have one son who will be driving on his own in about a month, and a daughter who is still only 15 so I’m just now approaching my nervous years.

[u/blacklassie]

There may be some truth to this but it’s probably better asked in a legal sub.

[u/lurkinglestr → u/blacklassie]

Free legal advice from internet strangers is worth as much as you pay for it (nothing). Any lawyer that gives advice on the internet without meeting the client and talking through the problems is, at best, breaching ethical responsibility, and very likely committing malpractice. Source, I'm a lawyer.

Tl;dr, don't take legal advice from reddit -- anywhere on reddit.