Umbrella Policy
Consider what would happen to you and the assets you’ve worked hard to build up if you’re sued for something that happens at your home and the costs of the lawsuit greatly exceed the liability coverage defined by your homeowner’s policy?
Who picks up the tab if you’re responsible for a multi-car accident and, again, your liability costs exceed the limits on your car insurance by thousands or tens of thousands of dollars?
These kinds of occurrences may be few and far between. But one can never be too careful. We’ve found that umbrella insurance policies are typically purchased at a low cost, but they provide enough coverage to where you shouldn’t have to worry about your potential liability costs going forward.
What is an Umbrella Insurance?
Umbrella insurance is a personal excess liability policy that protects you above and beyond the limits on your homeowners or auto insurance, watercraft or other personal insurance policies. It is designed to give you added liability protection for lawsuits and claims that may arise against you. It is an inexpensive way to protect your financial future or established assets. Such a policy offers exactly the type of coverage it sounds like it would; it provides an umbrella of added liability protection for you to stand under.
Umbrella insurance policies provide additional coverage for bodily injury and property damage your regular policies offer, and also extend to things not regularly covered. This added coverage may extend to handling related expenses, also on an excess basis, such as the cost of providing a court defense. In short, umbrella insurance kicks in when covered situations present themselves and/or you exceed the amount of liability coverage for the things already allowed under your regular insurance policies.
Affordable Peace of Mind
One of the best things about umbrella insurance is its affordability. The cost of a personal umbrella policy is often just a few hundred dollars per year, while a commercial umbrella policy varies based on factors like business receipts, payroll, and the number of business vehicles or properties you have. It’s a cost-effective way to secure what you’ve worked so hard to build.
Get Protected Today
Don’t leave your future to chance. Contact us for a quick quote and let us help you protect your assets without breaking the bank. Here at Twin Creek Insurance, we’re dedicated to keeping what matters most to you safe—because in Texas, we know how to protect what’s most important.