Umbrella Policy $1M vs $2M 2027 Comparison

Compare umbrella liability $1M vs $2M coverage 2027 — protects net worth from lawsuits. Average cost $200-400/yr for $1M, $300-500 for $2M.

Why Umbrella Matters

Auto/home liability caps at $250-500k. Severe lawsuit can exceed (drunk driving accident, dog bite, pool drowning). Umbrella covers above primary caps.

Pricing

$1M umbrella: $150-400/yr. $2M: $250-500. $5M: $500-1,000. Cheap per million because rare claims.

Underwriting Requirements

Carrier requires high auto/home liability limits (usually $250k+/$500k+). Refuses if you carry state minimum auto. Confirm before buying.

Coverage Excludes

Business activities (need commercial umbrella). Intentional acts. War. Owned watercraft above 100hp without watercraft liability.

Source: iii.org umbrella insurance guides, naic.org excess liability. Last updated: May 2026.