Is an Umbrella Policy a Waste of Money? Here’s What $1M in Coverage Actually Costs
Reading Time: 8 minutesIs an Umbrella Policy a Waste of Money? Here’s What $1M in Coverage Actually Costs Last Updated: March 2026 No — an umbrella policy is not a waste of money. A $1 million personal umbrella policy costs between $150 and $300 per year, which works out to $12–$25 per month. For that, you get liability […]