Tis, I've had an umbrella policy since the early 1980's. I was working for an insurance company at the time as a personal lines underwriter, and my training indicated I was a prime candidate for having one.
I coached Little League, was involved in other volunteer activities, operated boats and snowmobiles I did not own, carpooled kids to swim meets, etc. .
I opted for a $1 million PXC (umbrella) policy with $300k underlying coverage on my auto and homeowners. I have kept that policy in force for all these years, but have increased my underlying to $500k. For me, today's litigious society mandates such coverage.
When I took out my policy, and when I changed companies primarily due to moving, the maximum coverage was $5 million. Could be higher now.
In a phrase, cover your ass-ets!
Dave
Hate auto correct. Should be policy, not pouch.