how much does an umbrella policy cost
According to the Insurance Information Institute, a $1 million umbrella policy typically costs between $150 to $300 a year. Each incremental $1 million dollars of personal liability insurance costs on less and les. Here is what it will cost me for various levels of umbrella policy with my insurance company.f I do get sued for say $1 million, Iâm safe because my auto insurance coverage will kick in to pay the umbrella policy deductible, and then my umbrella policy covers me for the rest. The picture above illustrates the point clearly. The only out of pocket expense I incur will be my auto insurance deductible of $1,000.