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 Umbrella Insurance?

A personal umbrella liability policy provides additional coverage to an insured in excess of the limits covered by your other standard personal liability policies (Homeowners and Auto). Umbrella liability provides protection for the insured individual’s overall net worth (cash savings and other assets) from exposure due to large liability claims or lawsuits. Typically, the standard Texas personal liability umbrella insurance covers:

• Damage to another’s property and loss of use resulting from such damage
• Bodily injury inflicted on another, for which the insured is liable.

This added coverage may also 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.