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Reply to "How to calculate net worth for umbrella insurance"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Your net worth doesn’t have that much to do with how much umbrella insurance you should take out.[/quote] You’re an idiot and have no idea what umbrella insurance even is.[/quote] Clearly you want to protect your net worth, but it's true that the amount you are likely to be sued for doesn't really depend on this number. It's not as if you immediately tell the opposing lawyer how much money you have, and they then sue you for this amount. Your job, public status, and visible assets are what how they are going to decide whether to go after you. As others have noted, if you have a decent umbrella policy (let's say $2 million), most lawyers are going to take this and run as opposed to take you to trial. Your precise net worth isn't so important.[/quote]
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