Umbrella insurance?
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Anonymous
| If you have umbrella insurance, what do you pay for it? I just got quoted $600 for an annual policy up to $1 million. That seems steep to me but I have no way of knowing. |
Anonymous
| That does seem high. We have $1M and it is less than $250 a year. We did have to bump up our car insurance to $500K in coverage though before they'd issue the umbrella, can't remember what that increase was, but it wasn't much. |
Anonymous
|
That's too high. I pay less than that for $3M liability, maybe it's $450 a year or something.
The only thing I can think of is to make sure that you're comparing it against the same cost of the base homeowner's policy, or whatever it is. |
Anonymous
| About $200 for $2 million |
Anonymous
| We pay $20/ month for 1M |
Anonymous
| We pay $1400 for $4 million. We have 4 cars and 2 teen drivers though. I think that it roughly doubled when our kids started to drive. |
Anonymous
| What is umbrella insurance? |
Anonymous
A necessity in this highly litigious nation. |
Anonymous
https://en.wikipedia.org/wiki/Umbrella_insurance |
Anonymous
| My insurance is that if anybody sues me they know I might murder them within 10 years. It tends to cut down on litigation. |
Anonymous
|
We pay $149 for $1M coverage through Erie Insurance.
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Anonymous
| I just paid mine.$140 for one million dollars. |
Anonymous
| Now ours seems high. Just paid $1200 for $5M with Geico. |
Anonymous
Insurance for your umbrella. |
Anonymous
Arguably the most important insurance you can have. |