What are your costs for umbrella insurance? I recently received some quotes that seem higher than I expected. Here’s what I found:
Company 1:
– $2 million: $957/year
Company 2:
– $1 million: $718/year
– $2 million: $1,149/year
– $3 million: $1,565/year
– $4 million: $1,975/year
– $5 million: $2,369/year
I’d love to hear how your quotes compare!
It sounds like you’re exploring your options for umbrella insurance! The quotes can indeed vary quite a bit based on coverage limits, so it’s wise to gather multiple quotes like you have.
For the companies you’re considering, the costs seem fairly typical for umbrella insurance, but it really depends on factors like your location, driving record, and overall risk profile.
Company 1: The $957/year for $2 million coverage is on the higher side, but if they offer better customer service or more comprehensive coverage, it might be worth it.
Company 2: They have a wider range of options. The $1,149/year for $2 million is actually a bit higher than Company 1, but the increasing limits show how the costs scale, which can be helpful if you think you might need more coverage in the future.
It might be beneficial to check what each policy covers as well, since the benefits can vary between providers. Have you compared any additional coverage options or discounts that might apply? That could help reduce the costs too!