Talked to Homeowner's Ins Agent today about $1M liability coverage

[jnw]

Right now I have $100,000 liability coverage on my homeowner's insurance policy.  I asked him how much more it would cost to make that $1,000,000 instead.   To my surprise he said it was only $37 more per year.  So like $3 extra per month to have that extra protection.

Seems like it is worth it no?

[dandarc]

Liability insurance is cheap, unless you've demonstrated you're an unusually high risk. If it makes you feel better to have it, there are far worse ways to spend $37 / year.

[GizmoTX]

Umbrella insurance is an even better way to increase liability coverage because it extends to your vehicle & any other property insurance plus provides lawsuit coverage.

[Brother Esau]

Umbrella insurance is an even better way to increase liability coverage because it extends to your vehicle & any other property insurance plus provides lawsuit coverage.

We added the umbrella insurance. Additional $1M in coverage for $210/yr.

[terran]

Umbrella insurance is an even better way to increase liability coverage because it extends to your vehicle & any other property insurance plus provides lawsuit coverage.

We added the umbrella insurance. Additional $1M in coverage for $210/yr.

Right, umbrella would be the better option here as it covers other types of liability that homeowners wouldn't (such as an at fault car accident). You'll likely need to increase your auto and homeowners liability limits somewhat based on the requirements of the umbrella insurance company, but it will be less than $1M of coverage.