It looks like a bit of over-kill for a short jacket. Why not just look for something newish at the thrift shop & get that for a lot less money. I have a short purple nylon jacket & a below-the-knee retro aqua raincoat from the 50's, both from thrift shops & gorgeous. When it comes to rainy days, color is everything, some basic colors & some bright so you won't get depressed. Also, you better put some reflector tape on that jacket if you're going to wear it at night, so you won't be invisible to car drivers.
I love the bamboo frame of the clear umbrella pictured. It's very pretty, but is the bamboo strong enough in heavy wind? Also, I notice that the rest of it biodegrades within 5 yrs, & I'm afraid it would wear out faster than most umbrellas. Boo, hiss. I have one umbrella that has lasted almost 30 yrs & another that I got at a lost & found auction that lasted about 10 yrs after I bought it for $2; in Dec. the handle completely separated from the top part, meaning it can no longer can be opened. Guess it's off to the dump with that one....and so on...others lasting 10 or more yrs. One that lasts 5 yrs or less doesn't seem like a good buy.
Best to spend some money on luggage tags for your umbrellas in case you lose them. With practice, you can reattach the fabric to the ribs, too.
We get a ton of winter rain, ideally anyway. Also, I went thru El Nino maybe 8 or 10 yrs ago, when it rained every day from Dec to mid-April. It takes a whole wardrobe of
umbrellas to get thru a winter like that one & careful vigilence to avoid mushrooms growing in the car (from
drippy umbrellas). Don't know any perfect solution to the umbrella dilemma except you better have 'em, both big &