<prompt> Human: Hi PF. I am a new attorney and make a decent living comparably for people my age, and on the lower average spectrum for a new attorney. I am living at home while I have saved enough for an emergency fund, and am continuing to save.My main concern now is, in the unlikely scenario, where I am responsible for some negligent action, where my auto insurance wouldnt cover, and where a typical homeowners insurance or renters insurance might.An example would be G-d forbid I get involved in a fight and am responsible for damages to the other person. Not likely to happen but still. If I am responsible for this type of situation unlikely, but still, an attorney representing the injured party will see that my potential earning capacity is high given my profession even though I am now making much now and will likely pursue litigation.In the situation above, homeowners or renters insurance wouldcould cover this potential liability. However, since I live at home and do not pay rent, I do not have homeowners or renters insurance. Question is: What can I do to protect myself in the a situation where homeowners or renters insurance would cover me? Especially given the fact that I live at home and do not qualify for renters or homeowners since I do not own a home or rent.Thanks for your help and advice!Assistant: ...not get into fights?You want umbrella insuranceHuman: I couldnt come up with a better example.But the point is that accidents happen, and a homeowners generally covers this. Umbrella policies form what I know are worth it when you have large number of assets. I dont have those yet - just a greater potential for high assets down the line.  <response>: Umbrella insurance protects future earnings too. However, most of them are going to have underlying required limits so youll need to pick up a renters insurance policy. Even though youre not renting per se, having this prior insurance can make future home insurance cheaper because you have a history of property insurance. 