If you’re a homeowner or business owner, protecting your investment with insurance is important. However, if the value of your property or business is substantial, you may benefit from purchasing umbrella insurance. If you are in the Coppell, TX, area and have questions about umbrella insurance, our David King Insurance Services LLC team invites you to discuss your insurance needs. We’ve been serving clients in your area since 1992.
Umbrella Insurance Versus Excess Insurance
Residential and commercial insurance clients who want to purchase additional insurance coverage can do so with umbrella insurance, or they may prefer to utilize excess insurance. Although both these options provide additional coverage beyond your policy limits, they do so in different ways. According to Get BCS, excess insurance doesn’t change the policy terms but provides additional coverage if you have a catastrophic loss. Umbrella insurance changes the terms of your policy and will give you extra coverage for your losses.
Excess insurance uses the same guidelines as your basic policy but allows additional coverage beyond the stated maximum payment limit. An umbrella policy offers an additional coverage amount but also provides additional circumstances that qualify as eligible circumstances for coverage. According to Get BCS, excess insurance is typically less expensive than umbrella insurance.
Call Us for Your Appointment Today
Our David King Insurance Services LLC team can help you understand umbrella insurance and decide whether that option is right for you. We can also help you find the proper life, auto, or health insurance policy. Residents of the Coppell, TX, area will find excellent customer service and knowledgeable agents. Call us for an appointment today, and let’s talk about insurance.
