Umbrella Insurance in Texas
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Reasons to Have Umbrella Insurance
Even though umbrella insurance isn't required insurance in Texas, there are still a few reasons why it makes sense to get an umbrella policy. Umbrella insurance isn’t just for the wealthy. It can help protect you if someone is injured on your property and sues you. Liability insurance can only cover so much, and with additional umbrella insurance, you will get medical bills, as well as legal defense costs, covered.
Not only will umbrella insurance protect you if someone sues you from being injured at your home, but it will also help protect you if someone sues you after you are involved in a car accident as well. Umbrella insurance also protects you from other types of lawsuits that aren’t covered by your auto or home insurance policy, such as libel or slander. In today’s world, people can get sued for just about anything, including posting on social media, so it doesn’t hurt to have some additional protection.
What You Need to Know about Umbrella Insurance in Texas
Everyone can benefit from umbrella insurance in Southlake, TX and throughout the state. In order to purchase umbrella insurance, you need to already have coverage for your home and auto at a certain liability point. It’s not a standalone policy, and you can’t get it without having the other coverage in place. You can usually purchase additional umbrella coverage in one million-dollar increments. A one-million-dollar policy can be enough for the average individual, but if you have a lot of assets, then you may want to get more.
Assets can be anything from your home to cars, investments, retirement accounts, and even your future wages. Consider all these items when trying to decide on how much insurance to purchase. An agent at Kimble Brown Insurance Agency can help. It is possible to get denied for umbrella insurance if you have made a lot of previous claims or have a poor driving record.
Contact Kimble Brown Insurance Agency, serving Southlake, TX, to get a quote on umbrella insurance.