Umbrella insurance policy quote

[Rich Thomas]

Hello all, First off let me ask if you think I should have an umbrella policy...I currently own 2 rental properties as well as my primary residence, a total of 3 properties. I would estimate they have a total worth of around 1.5 mil. I currently have the standard insurance which I believe is capped at 500k for each property, should I have an umbrella policy. My insurance company quoted me $325 a year for a $1,000,000 policy...is this an average price ? Any recommendations of other insurance companies to call is appreciated! Thanks! Rich