Are Your Assets Truly Protected—Or Just Appearing to Be?
If you’re a high-net-worth homeowner in Duluth, Georgia, your lifestyle includes more than a nice home. You likely have multiple properties, luxury vehicles, valuable possessions, and possibly even staff or teenage drivers in your household. With this kind of wealth comes risk—especially legal risk.
What happens if someone gets seriously injured on your property? Or your teen causes a multi-car accident?
If your current insurance doesn’t cover the full cost of a lawsuit or settlement, your assets and future income are exposed. And in 2025, that risk is only growing.
At Concierge Insurance Group, we specialize in helping Duluth’s high-net-worth families navigate liability risks with confidence. In this article, you’ll learn exactly how much umbrella liability insurance costs, what affects the price, and how to choose the right coverage for your life.
What Is Umbrella Liability Insurance—and Why You Might Need It
Umbrella liability insurance is additional coverage that sits on top of your homeowners, auto, or watercraft insurance. When your primary policy limits are maxed out, umbrella insurance kicks in.
It covers scenarios like:
- A neighbor sues after slipping on your property and sustaining long-term injuries
- Your teen driver causes a major accident with serious medical claims
- A defamation or libel lawsuit from online business or personal activity
- Lawsuits related to staff like a nanny, housekeeper, or gardener
Standard policies typically offer $300,000–$500,000 in liability coverage. That’s rarely enough if you’re worth millions.
How Much Does Umbrella Insurance Cost in 2025?
In Duluth, Georgia, high-net-worth homeowners can expect the following average pricing:
Coverage Limit | Estimated Annual Premium (2025) |
$1 million | $250–$600 |
$2 million | $400–$800 |
$5 million | $800–$1,500 |
$10 million+ | $1,500–$3,000+ |
Pricing Tip:
You don’t pay double for each extra million. Most umbrella policies offer a decreasing cost-per-million as the coverage increases.
Factors That Influence Your Premium
1. Your Net Worth
The greater your net worth, the more coverage you likely need—raising your base rate.
2. Number of Assets
Multiple homes, boats, exotic cars, or rental properties add complexity and potential exposure.
3. Household Risk Factors
Teenage drivers, staff, swimming pools, trampolines, and frequent entertaining all increase liability risk.
4. Claims History
If you’ve filed liability claims in the past, your premium may be higher—or you may be ineligible for certain carriers.
5. Required Underlying Limits
You’ll need to maintain high coverage levels on your base policies (often $300k–$500k) to qualify for an umbrella. If you’re below that now, you’ll need to increase those limits.
Real-World Example:
A Duluth couple with a $2.4 million home and $5M in total assets added a pool and hired a housekeeper. Their current homeowners and auto policy had a combined liability cap of $500,000.
After discussing their exposure with a Concierge Insurance Group advisor, they secured a $5 million umbrella policy for just under $1,200 per year.
That single move shielded their lifestyle from financial ruin over an accident or lawsuit.
How Much Umbrella Coverage Should You Have?
We recommend:
Assets + 10 Years of Future Income = Minimum Coverage
If your assets total $3M and you expect to earn $300,000/year over the next decade, you should carry at least $6M in umbrella coverage.
For most high-net-worth Duluth homeowners, $5–$10 million is the baseline.
Is Umbrella Coverage Worth It?
Absolutely. In the event of a catastrophic event or lawsuit, your umbrella policy could be the only thing standing between you and selling your home, dipping into retirement, or forfeiting future income.
For under $1,000 a year in most cases, you’re protecting millions.
What to Do Next
If you’re unsure how much umbrella coverage you need—or whether your current liability limits are enough—it’s time to have a conversation.
You don’t want to wait until something happens to find out you’re underinsured.
Protecting What You’ve Built Starts With One Smart Move
After building a life of significance, you shouldn’t have to worry about whether your insurance can stand up to the risk. Now that you understand how umbrella liability works and how much it costs in 2025, the next step is to evaluate your current exposure.
Concierge Insurance Group is here to help Duluth’s high-net-worth families confidently protect their legacy—no guesswork, no shortcuts.
