Simple Method for determining
Umbrella Coverage Need
Step One:
Add up your assets to determine your Total At Risk
| Equity in your Home / Condo | $ |
| Personal Property | $ |
| Investments | $ |
| Savings / Checking | $ |
| Future Wages | $ |
| Total Assets at Risk | $ |
Step Two:
Now add your Auto Liability limit and current Personal Umbrella limit and subtract
| Auto Liability Limit | $ |
| Personal Umbrella Limit (if any) | $ |
| – Total Assets at Risk | $ |
| Negative number = Gap | $ |
Step Three:
Let’s do the same for your Personal Liability exposure. Add our Personal Liability (Home/Condo/Renters) with any current Personal Umbrella limit then subtract your Total Assets at Risk limit
Let’s do the same for your Personal Liability exposure. Add our Personal Liability (Home/Condo/Renters) with any current Personal Umbrella limit then subtract your Total Assets at Risk limit
| Personal Liability Limit (Home/Condo/Renter) | $ |
| Personal Umbrella Limit (if any) | $ |
| - Total Assets at Risk | $ |
| Negative number = Gap | $ |
If you have a negative number, you have a Gap in limits. You have more Assets at Risk than protection from your insurance. Contact us about ways to fill the gap.
Malone-Ludwig Insurance Services Inc
P O Box 90249
Long Beach, CA 90809-0249
Web: www.mlinsurance.com
Phone: 562-916-7776 Fax: 562-916-7750
Email: ml@mlinsurance.com
Lic # 0B01311
P O Box 90249
Long Beach, CA 90809-0249
Web: www.mlinsurance.com
Phone: 562-916-7776 Fax: 562-916-7750
Email: ml@mlinsurance.com
Lic # 0B01311
