Umbrella Policy Coverage Gap Calculator
Determine whether your existing liability coverage is sufficient or if you have a coverage gap that an umbrella policy should fill.
Your Assets (Total Exposure)
Existing Liability Coverage
Risk Profile Adjustments
Formulas Used
Total Assets = Home Value + Other Real Estate + Vehicle Value + Savings & Investments
Future Income Exposure = Annual Income × Years to Protect
Total Exposure = Total Assets + Future Income Exposure
Risk-Adjusted Exposure = Total Exposure × Risk Multiplier
Highest Underlying Limit = max(Home Liability, Auto Liability, Other Liability)
Total Existing Coverage = Highest Underlying Limit + Existing Umbrella
Coverage Gap = max(0, Risk-Adjusted Exposure − Total Existing Coverage)
Recommended Umbrella Limit = Coverage Gap rounded up to the nearest $1,000,000
Coverage Adequacy Ratio = (Total Existing Coverage ÷ Risk-Adjusted Exposure) × 100
Estimated Annual Premium = (Recommended Umbrella Limit ÷ $1,000,000) × Cost per $1M