{
  "$schema": "https://json-schema.org/draft/2020-12/schema",
  "$id": "https://askcalculators.com/us/umbrella-insurance/schema.json",
  "title": "Umbrella Liability Planning Calculator — United States inputs",
  "description": "Organize an explicitly chosen excess-liability planning scenario alongside an actual umbrella quote. USD planning view; stated limitations apply.",
  "type": "object",
  "properties": {
    "assets": {
      "title": "Assets selected for the planning scenario",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 500000,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "USD",
      "x-unit": "currency"
    },
    "futureExposure": {
      "title": "Additional exposure allowance",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 250000,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "USD",
      "x-unit": "currency"
    },
    "buffer": {
      "title": "Additional chosen buffer",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 250000,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "USD",
      "x-unit": "currency"
    },
    "underlyingLimit": {
      "title": "Applicable underlying liability limit",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 300000,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "USD",
      "x-unit": "currency"
    },
    "annualPremium": {
      "title": "Actual quoted annual premium",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 0,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "USD",
      "x-unit": "currency"
    },
    "annualFees": {
      "title": "Annual policy/administration fees",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 0,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "USD",
      "x-unit": "currency"
    },
    "monthlyFee": {
      "title": "Additional installment fee per month",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 0,
      "minimum": 0,
      "maximum": 1000000000000,
      "x-step": 0.01,
      "x-prefix": "USD",
      "x-unit": "currency"
    },
    "spreadPercent": {
      "title": "Quote sensitivity range",
      "type": "number",
      "description": "Illustrative starting value; replace with your own evidence.",
      "default": 15,
      "minimum": 0,
      "maximum": 100,
      "x-step": 0.1,
      "x-unit": "percent"
    }
  },
  "required": [
    "assets",
    "futureExposure",
    "buffer",
    "underlyingLimit",
    "annualPremium",
    "annualFees",
    "monthlyFee",
    "spreadPercent"
  ],
  "additionalProperties": false,
  "x-askcalculators": {
    "version": "20.16.0",
    "calculatorUrl": "https://askcalculators.com/us/umbrella-insurance/",
    "queryExample": "https://askcalculators.com/us/umbrella-insurance/?assets=500000&futureExposure=250000&buffer=250000&underlyingLimit=300000&annualPremium=0&annualFees=0&monthlyFee=0&spreadPercent=15",
    "migrationStatus": "new",
    "reviewStatus": "pending",
    "pageStatus": "live",
    "workStatus": "pending",
    "formula": {
      "expression": "excess-limit gap = maximum(0, selected assets + exposure allowance + buffer − applicable underlying limit).",
      "note": "Inputs are converted to canonical units before evaluating this stated formula."
    },
    "quality": {
      "availability": "live",
      "technicalReviewRecord": "/reviews/v20-us-umbrella-insurance.json",
      "qualifiedReview": "pending",
      "qualifiedReviewer": null,
      "qualifiedReviewDate": null,
      "formulaVersion": "20.16.0",
      "referenceCoverage": "references-listed",
      "releaseTestScope": "Catalog and regression checks are not a professional formula audit; consult release evidence.",
      "historicalMetadataDate": "",
      "historicalMetadataNotice": "The imported date is not evidence of a completed human review."
    },
    "outputs": {
      "modeledExposure": {
        "title": "Entered planning exposure",
        "type": "number",
        "x-format": "currency",
        "x-currency": "USD",
        "x-digits": 2,
        "x-primary": true
      },
      "additionalLimit": {
        "title": "Arithmetic excess-limit gap",
        "type": "number",
        "x-format": "currency",
        "x-currency": "USD",
        "x-digits": 2
      },
      "annualPremium": {
        "title": "Entered annual premium",
        "type": "number",
        "x-format": "currency",
        "x-currency": "USD",
        "x-digits": 2
      },
      "annualCost": {
        "title": "Annual premium and payment fees",
        "type": "number",
        "x-format": "currency",
        "x-currency": "USD",
        "x-digits": 2
      },
      "monthlyEquivalent": {
        "title": "Monthly equivalent cost",
        "type": "number",
        "x-format": "currency",
        "x-currency": "USD",
        "x-digits": 2
      },
      "low": {
        "title": "Low quote scenario",
        "type": "number",
        "x-format": "currency",
        "x-currency": "USD",
        "x-digits": 2
      },
      "high": {
        "title": "High quote scenario",
        "type": "number",
        "x-format": "currency",
        "x-currency": "USD",
        "x-digits": 2
      }
    }
  }
}