Ultimate Protection Guide Umbrella Insurance For Wealthy Families
The Benefits for Wealthy Families
For families with substantial wealth, the risk of being targeted in lawsuits is higher, making umbrella insurance a prudent investment. It not only safeguards your assets but also ensures peace of mind. One of the primary benefits is its cost-effectiveness; for a relatively low premium, you can secure millions of dollars in additional coverage. Typically, a $1 million umbrella policy might cost between $150 and $300 annually, with each additional million costing about $75 to $1501.