Umbrella Insurance Cost Calculator

III data: $1M of personal umbrella coverage costs $150-$300/year, with each additional $1M adding $50-$100/year. $5M coverage typically runs $375-$700/year. The first $1M is the most expensive per dollar of coverage.

You must carry maximum liability limits on underlying policies - typically $250K/$500K bodily injury on auto and $300K liability on homeowners. Some carriers require $500K auto liability for $1M+ umbrellas.

Standard guidance: at least equal to your net worth, plus future earning potential. High-risk profiles (boat owners, pool owners, teen drivers, landlords) should add $1-$2M extra. Many wealthy households carry $5M-$10M umbrella for litigation protection.

Because your auto and homeowners policies absorb the frequent, smaller claims. An umbrella only pays out on the rare, catastrophic event, so its expected claim frequency is very low. That makes it the most cost-efficient liability coverage per dollar you can buy.

The umbrella either won't be issued, or it will leave a gap between your primary limits and where the umbrella kicks in, and you pay for that gap out of pocket. You'll need to raise your auto and homeowners liability limits before buying the umbrella.

No. Personal umbrellas exclude business and professional activity. For that you need a commercial umbrella or an errors-and-omissions (E&O) policy specific to your profession.