Umbrella insurance is primarily concerned with liability. Sometimes, the liability section of standard home, auto, and commercial insurance is not enough to cover you in the face of excess liability if you are legally liable. All-Tex insurance serving the city of Granbury, TX is here to assist you to make sure that you have sufficient coverage in the event of a figurative downpour.
What is umbrella insurance exactly? Umbrella insurance, much like the name implies, is insurance that is designed to protect you against unforeseen excessive liability not covered by your traditional personal or commercial liability policies. Liability insurance is for personal injuries or property damage, for which you are legally responsible.
Almost all types of policies, including personal, commercial, and auto insurance policies, offer a certain amount of liability coverage, but it may not be enough and, therefore, it is worthwhile to consider additional umbrella insurance. If you had to imagine your insurance policies all standing side by side, then umbrella insurance would be placed above those to provide extra protection. The equivalent of an umbrella, in an unexpected cloud burst of rain, keeping you that little bit drier. You will not always use your umbrella insurance. It will only come into play when the limits of your standard policies have been exhausted.
There are variations to umbrella insurance. Some umbrella policies offer the additional financial protection of paying for defense in the event of a liability lawsuit. It is worthwhile reviewing your policy and asking your insurance agent if it is included.
Umbrella insurance is there to cover the gaps so don’t hesitate. If you believe that you have insufficient liability insurance for yourself or your business, then contact All-Tex Insurance serving Granbury, TX today and secure peace of mind.