Umbrella Insurance in Texas

An honest accident can happen any day in Texas, and umbrella insurance is important to supplement other insurance policies. Hence, you are not in severe financial trouble after an accident and a lawsuit. Anyone can purchase umbrella insurance for coverage in case your other liability insurance doesn’t apply, or it falls short. It will kick in when another liability policy has reached the limits.

What Does Umbrella Insurance Cover in Texas?

Your umbrella policy covers liability after your primary policies on your home and auto are already exhausted. An umbrella policy can also provide coverage for legal defense and may include individual lawsuits that other policies wouldn’t cover. You will have to pay out of pocket for any costs beyond your limit without umbrella insurance. Since it provides expanded coverage, umbrella insurance covers some personal life activities. Umbrella insurance can cover property damage, bodily injury, liability, slander, and libel. However, there are some exclusions, so you should always check with your agent at Jason Ridley Agency in Colleyville, TX.

Who Should Have Umbrella Insurance?

Since it’s so easy to face a lawsuit, everyone can benefit from umbrella coverage. It’s best for anyone with a higher liability risk, who has assets to protect, or who expects an inheritance or substantial income. With umbrella insurance, you would have the protection that could prevent the loss of valuable assets should you be found liable for someone else’s injuries. In many cases, your home and auto policies won’t be enough. Umbrella policies can give you peace of mind.

There are different factors that determine how much umbrella coverage you need. Consider the type of coverage you already have in place, the assets you want to protect, and risks that aren’t covered under your current policies. You will need to be up to date on your existing policies and have the recommended coverage in Texas.

Contact Jason Ridley Agency in Colleyville, TX to get a quote on umbrella insurance.