Umbrella Insurance in Texas

If you own a business, real estate property, or have accrued considerable financial assets over the years, you can benefit from the protection that umbrella insurance has to offer. Umbrella insurance provides extra liability coverage to protect you against claims that exceed the limits of your Texas home, auto, condo, or renter’s policy. Here’s how an umbrella policy from David King Insurance Services LLC in Coppell, TX can safeguard your assets from unforeseen accidents.

How Does Umbrella Insurance Work?

Umbrella insurance isn’t a “stand-alone” policy. It works with your home, auto, condo, or renter’s liability coverage to protect your assets. If you’re responsible for an accident where injuries or property damage exceeds the limits of your primary liability coverage, umbrella insurance will pay for excess costs, saving you from financial loss. If a claim leads to a lawsuit, umbrella insurance will help pay your legal fees and settlement, up to the limits of your umbrella policy.

Is Umbrella Insurance Worth the Cost?

If you have little net worth, don’t own property, or live a lifestyle that puts you at low risk of accidents, you may be okay with just your primary liability coverage. The more you have to lose, however, the more you need umbrella coverage.

Umbrella insurance can protect you against accidents that may occur in your Texas home, on the road, on your rental property, when boating with friends, during vacation, and more. If you’re found at fault for a serious accident, you could be sued for damages. A significant lawsuit could cost you hundreds of thousands of dollars or more in legal fees and damages.

Lawsuits occur more frequently than people think, putting you at risk of losing both current and future assets. Umbrella insurance can give you peace of mind that you’re protected against any eventuality.

To learn more about umbrella coverage and costs, call or visit your David King Insurance Services LLC agent in Coppell, TX today.