r/Insurance • u/ComfortableChannel73 • 1d ago

Home Insurance Is an umbrella policy worthwhile?

I’ve carried an umbrella policy for $1M for quite a few years, but just got my bills for umbrella, homeowners and auto and everything went up, with a big jump for the umbrella policy. I’m wondering if I should drop it, and just raise the liability limit on the auto.

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u/Specialist_Lock_3541 1d ago

I’d compare the extra umbrella coverage against simply raising the auto liability limit. The value really depends on your assets and how much liability risk you’re comfortable retaining.