Updated about 8 years ago on .
How much umbrella coverage?
I'm in escrow on a duplex, and plan on increasing my umbrella coverage. The question is how much do I increase it to? After adding the duplex my total portfolio will be:
- 1 duplex
- 3 SFH
- Primary Residence house hack (which includes a basement apartment)
Total resale value on real estate will be about 1.7M. Net worth = 800k. (RE equity + other investments)
How much coverage should I be looking for? I'm thinking at least 3 million.