Is an Umbrella Policy a Waste of Money? Here’s What $1M in Coverage Actually Costs
Reading Time: 10 minutesIs an Umbrella Policy a Waste of Money? What $1M in Coverage Actually Costs Key Takeaways on Umbrella Insurance What it does: Provides additional liability limits above your existing GL, auto, and employer’s liability policies — kicks in when underlying limits are exhausted What $1M in coverage costs: $300–$600/year for personal umbrella; $1,000–$5,000/year for commercial […]