The cost of umbrella insurance depends on several factors.
The cost of umbrella insurance depends on several factors:
- Coverage amount: The more coverage you choose, the higher your premium.
- Number of vehicles and homes: More vehicles or homes increase your premium.
- Location: Your location impacts risk, risk impacts the cost of your policy.
- Other risk factors: Things like owning a pool or trampoline, or having a teen driver in your household can increase your risk.
- Underlying liability limits: You usually need to have certain minimum liability limits on other insurance policies.