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/Elegant_Gain9090]

You buy umbrella insurance so that your insurance company will give your case to the "A Team".

[u/SomePeopleCallMeJJ → u/Elegant_Gain9090]

I wasn't aware that Mr. T was a claims adjuster.

[u/Frosty_Yesterday_674 → u/SomePeopleCallMeJJ]

I pity the fool who doesn’t get sufficient umbrella coverage.