Originally Posted by pb4uski
In that case the $1,250 seems reasonable.
If you have significant wealth, IMO umbrella is essential. You can pay for it with your savings on other insurance coverage you are considering.
Thnaks, that sounds like a plan.
My net worth is close to $2M if you include the house so maybe I could get a $2m OR $3M umbrella policy.
I'm going to get rid of all the optional coverages on my car policy for collision etc as I have it paid off and that will pay more than for the umbrella policy. I'll also look at increasing the deductible on my home owners policy to see if I can save a few hundred there.
“So we beat on, boats against the current, borne back ceaselessly into the past.”
Current AA: 75% Equity Funds / 15% Bonds / 5% Stable Value /2% Cash / 3% TIAA Traditional
Retired Mar 2014 at age 52, target WR: 0.0%,
Income from pension and rent