I haven't checked it lately, but I recall that, at least for my insurer, I need to max out auto liability before they can offer me umbrella at a lower rate. This actually makes sense because umbrella can cover auto/home and liability caused by any member of your family, so it's a broader coverage than auto. Umbrella's marginal cost diminishes fast though, so you can go to 2M without much increase on the premium for a 1M coverage for instance. Again, I haven't researched on that for a while. Do talk to your insurer.
See https://www.investopedia.com/articles/personal-finance/040115/how-umbrella-insurance-works.asp. This confirms what I just said. "Umbrella insurance is quite cheap compared to other types of insurance, especially considering how much coverage it provides. That''s because you have to carry plenty of homeowner''s and auto insurance before an insurance company will issue you an umbrella policy. In fact, you’ll probably have to carry the maximum liability coverage available under these policies before you can purchase an umbrella policy. ... If you don’t already have this much coverage, your homeowner''s and auto insurance premiums will go up, making the umbrella policy more expensive than it might seem at first glance."
胡说！我的200k/300k，一样买umbrella。
谢谢。 那是不是选combined single limit 300K 或500K更好呢？ 各种有什么优点？
250K/500K premium 没差太多，为啥选200K/300K呢？
Maximize your liability coverage. Then do umbrella insurance which is cheap.
If you want to save money, bump up your deductible.
which company is underwriting your umbrella policy?
谢谢。 为什么maximize liability coverage呢，如果不maximize也可以买伞险，也是一样的保障效果吧？
I haven't checked it lately, but I recall that, at least for my insurer, I need to max out auto liability before they can offer me umbrella at a lower rate. This actually makes sense because umbrella can cover auto/home and liability caused by any member of your family, so it's a broader coverage than auto. Umbrella's marginal cost diminishes fast though, so you can go to 2M without much increase on the premium for a 1M coverage for instance.
Again, I haven't researched on that for a while. Do talk to your insurer.
See https://www.investopedia.com/articles/personal-finance/040115/how-umbrella-insurance-works.asp. This confirms what I just said.
"Umbrella insurance is quite cheap compared to other types of insurance, especially considering how much coverage it provides. That''s because you have to carry plenty of homeowner''s and auto insurance before an insurance company will issue you an umbrella policy. In fact, you’ll probably have to carry the maximum liability coverage available under these policies before you can purchase an umbrella policy. ... If you don’t already have this much coverage, your homeowner''s and auto insurance premiums will go up, making the umbrella policy more expensive than it might seem at first glance."