"What Is The Cost Of An Umbrella Policy?"
Oftentimes, this type of insurance is referred to as the “best buy in the insurance industry”. There are a few requirements before securing coverage. Basically, the insurance company will want to write both your auto coverage and your homeowners policies before agreeing to write an umbrella policy for you.
It does seem like the cost for coverage is very low, and it is. However, keep in mind that it usually begins coverage only after the limits of your auto insurance and/or homeowner’s insurance have been exhausted. The key here is to properly determine your personal financial net worth, then match coverage to protect that amount.