Is an Umbrella Policy a Waste of Money? Here’s What $1M in Coverage Actually Costs
Reading Time: 12 minutesA $1 million umbrella policy costs $300–$600 a year for personal coverage and $1,000–$5,000 a year for commercial coverage, depending on industry, revenue, and fleet exposure. It is not a waste of money if you hold assets worth more than your primary liability limits — it exists to absorb the judgment that blows past your […]