How much does a 5 million dollar umbrella insurance policy cost?

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asked Jul 12, 2019 in Insurance by kusty7678justy (330 points)
How much does a 5 million dollar umbrella insurance policy cost?

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answered Jul 12, 2019 by Gracy (125,580 points)
Most people carry a 1 to 2 million dollar umbrella insurance policy which costs around $380.00 to $400.00 per year depending on the insurance company.

So if you were to carry a 5 million dollar umbrella insurance policy then it would cost around $1,900.00 to $2,000.00 per year.

That is still pretty reasonable in cost and you may pay a bit more depending on the insurance company or even a bit less.

Your credit score will also factor into the cost of the insurance premium you pay for the 5 million dollar umbrella insurance policy.

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