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re: Are umbrella insurance policies even necessary for most people?

Posted on 2/16/24 at 8:49 am to
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
13932 posts
Posted on 2/16/24 at 8:49 am to
Decided to get a quote after seeing this thread. I already had max auto limits.

$423/year to add $1M umbrella.

Baton Rouge. 2 drivers (myself and wife), primary residence, 1 rental property.

Feels pretty steep reading the thread…
Posted by RoyalWe
Prairieville, LA
Member since Mar 2018
3136 posts
Posted on 3/4/24 at 12:41 pm to
Since this thread isn't too old, I'm resurrecting it. I got a quote to increase my umbrella policy to $5M and was quoted $5K per year. Every article I read says it should be an order of magnitude cheaper. I'm baffled, but I guess all I can do is shop around.
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