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I have done a search on this board regarding umbrella insurance, but I think I ended up more confused than enlightened.

What is the general philosophy behing umbrella insurance - i.e. should it match your assets, or just how much you think a jury coud award?

For example, if one had a net worth of $1 million, it would seem to be a no-brainer to buy an umbrella policy for $1 million or $2 million.

But what if one has a net worth of $5 million, or $10 million, or $100 million? Would one end up buying umbrella policies for, respectively, $5 million, $10 million, and $100 million?

Thanks for any help.

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