The Different Types of Life Insurance Policies

Feeling lost in the sea of life insurance options? We're here to simplify it for you. Whether you're considering the affordability of term policies or...
HomeFlood InsuranceWhat Is Umbrella Insurance, and What Does it Cover and Cost? Umbrella...

What Is Umbrella Insurance, and What Does it Cover and Cost? Umbrella Insurance Cost and Coverage?



The cost of Umbrella insurance in Massachusetts varies based on two essential factors – Your insurance limit and risk exposure. You can buy Umbrella liability policies in increments of $1 million. The higher the limits, the higher the coverage costs. Similarly, insurance companies evaluate risk exposure based on the number of properties and vehicles/watercraft, driving record, occupation, and age, among other factors. The higher your risks, the higher the coverage costs. On average, Bay Staters can expect a $1 million policy to cost around $160 to $500.