Get Million Dollar Protection with Umbrella Liability Policy
Cost and Coverage Details
The cost of an umbrella policy is surprisingly affordable, especially given the extensive coverage it provides. On average, a $1 million umbrella policy can cost between $150 and $300 per year1. The premium may vary based on factors such as the number of homes, cars, or boats you own, and your risk profile.
Coverage typically starts at $1 million and can go up in increments of $1 million. Many insurers require you to have a certain amount of liability coverage on your primary policies before you can add an umbrella policy. For instance, you might need at least $300,000 of liability coverage on your homeowners insurance and $250,000 per person/$500,000 per accident on your auto policy2.