When the weather outside is stormy, having an umbrella can make you feel safer and more protected. An umbrella insurance policy can give you that same feeling but what it covers are your assets. An umbrella policy is what can, in the most straightforward language, be referred to as excess liability coverage. It is not a policy that you buy on its own. You need to have another primary policy with liability coverage that an umbrella supplements. At All-Tex Insurance in Granbury, TX, we are locally owned and operated. With 20 years of experience, we can provide our customers with the personal service they deserve.
Some of the policies that can be supplemented with an excess liability policy are home, condo, renters, and auto. If legal action is brought against you and results in a judgment, you may have to pay a settlement. If that judgment is more than your primary policy, the remainder and any legal expenses are your responsibility. That is where an umbrella policy comes into action. When the limit on your primary policy is met, the umbrella will take over and pay expenses up to the limit on the umbrella policy. Most umbrella policies offer excess liability from between one and five million dollars.
Given the amount that judgments can run these days, you need to have this kind of protection for peace of mind. Without an umbrella policy, you could be forced to sell your assets, and your future wages could be attached. This is not something that makes for a peaceful night’s sleep.
At All-Tex Insurance in Granbury, TX, we are independent agents who work for our customers, not just one carrier. We can check with multiple carriers to find the best deals on coverage and cost. Give our office a call to make an appointment for a no-obligation quote.