<prompt> Human: Is there a recommended amount of wealth or assets one should have before considering purchasing an umbrella insurance policy In addition to my car, business, and home insurance? For those of you that have it, what factors helped you make that decision?  <response>: Everyone has an asset worth at least 1,000,000. Its called your ability to earn an income. Your wages can be garnished in several of the liability examples others have noted. Just because you have less then 1 million in cash or real estate or other investments doesnt mean you should pass on a personal umbrella policy. I highly recommend personal umbrella policy is for families with youthful drivers, high potential earnings down the road, or anyone he wants to transfer A large amount of exposure for a very little premium. Dollar for dollar its the best value in insurance Products available. 