<prompt> Human: I make 160k but have a low net worth. Im deciding whether or not to enroll in an umbrella policy.In the case that I get sued for 1 million, my fear is wage garnishment. Would a judge deny bankruptcy because of my income?  <response>: I cant help you with the bankruptcy question, but Id certainly get the umbrella. My umbrella policy is 1 million on top of my other insurance and only costs 25 per month. It covers my cars, boat and liability for the house. If, for example, you have insufficient coverage and then cause a bad car wreck or if the neighbor kid breaks his neck on your swingset, theyll sue, find out you have a decent job, and possibly put you on a payment plan forever. To me, the peace of mind is worth the small cost. Edit: on a related note, check to be sure you have uninsuredunderinsured motorist coverage on your auto policy. That way, if youre the hurt party and the other guy has insufficient coverage, youre not up a creek. 