In today’s litigious society, it’s important to have additional liability coverage to protect you and your family. Unfortunately, liability limits of your home and auto insurance may not be enough to cover larger accidents or claims. And did you know, a court or jury could make you pay not only from your current assets, but also from future wages! That’s where umbrella insurance comes in.
While many people think umbrella insurance Texas is just for the wealthy, you will see that there are many circumstances that warrant the purchase of an umbrella policy, no matter the size of your bank account.
As with all types of insurance, it’s important to understand how personal umbrella insurance Texas works, its costs and limitations when deciding if you need this type of insurance.
Umbrella Insurance Policy Texas
Why you may need it
There are many lawsuits. More and more, incidents such as an automobile accident where you are sued under the auto insurance policy or a neighbor falling on your property that you are sued under homeowner’s insurance or a natural disaster when a tree falls from your property onto a neighbor’s home or vehicle is becoming common. In these cases, the amount awarded by juries is often unpredictable and expensive.
Consider an umbrella policy if you have assets and wealth that should be protected from such lawsuits. You may not need an umbrella policy if you are a low-risk individual with average assets. If you are a high-income earner, have assets that you’ve built up, or your lifestyle puts you at higher risk of lawsuits, then an umbrella policy is worth the investment. Even non-profit officers and board members can be sued over the activities of their organization.
Texas Umbrella Insurance
Texas umbrella insurance from InsureDirect offers an extra layer of liability coverage that extends beyond the limits of your existing home, auto, or boat insurance policies. This additional protection is designed to cover significant costs that your regular policies might not, including legal fees, medical expenses, and other damages resulting from major claims or lawsuits. By opting for umbrella insurance Texas, you can ensure that your assets and financial future are better protected against unexpected events and large-scale liabilities.
Commercial Umbrella Insurance Texas
A Texas General Liability Policy is not enough in today’s world of business. You could be exposed to a lawsuit or other unexpected event depending on what type of business you run.
Commercial umbrella insurance Texas is designed to cover the gaps left by your other policies, such as General Liability or Commercial Auto. Your Commercial Liability insurance won’t kick in until you have reached the limits of your other policies. Your business could be vulnerable if you don’t have enough insurance coverage in Hurst and the surrounding areas.
Umbrella Coverage Options in Texas
What level of insurance is required by your business? Consider a variety of factors.
- What type of business do you own?
- What type of coverage do you already have?
- Protecting your assets
- Risks that are not covered completely
Business owners who don’t have umbrella insurance Texas may be forced to pay for damages, lawsuits or medical costs that are not covered by their existing policy. Call us today to learn more about our commercial umbrella insurance coverage in Texas, including the Ohio, Dallas, Pennsylvania, as well as New Jersey.