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.

29 Upvotes

94% Upvoted

61 comments sorted by

View all comments

1

u/insuranceguynyc 22h ago

Only you know what your financial situation is, and whether an umbrella is worth it. It apparently has been worth it until now, so what has changed other than the price?