For many Texans, umbrella insurance is a sensible financial decision. At Texas Independent Insurance, operating out of Allen, TX, serving customers across the state, we advise all of our high-net-worth customers to consider umbrella insurance.
Umbrella insurance protects your assets when your insurance company or the district court holds you liable for medical or repair bills.
Most home, auto, aircraft, and watercraft policies have relatively low limits for liability coverage, just a few hundred thousand dollars. Texas Independent Insurance can write an umbrella policy that covers a variety of risks up to $1 million, $5 million, or even more. This can help you safeguard your financial assets while meeting your legal responsibilities.
What kinds of claims are covered by umbrella policies?
- An intoxicated guest shoots another guest at your skeet range.
- A neighbor’s child is injured on your child’s trampoline.
- Your teenager takes your luxury car out for a spin and collides with a school bus.
- Your dog demonstrates a need for remedial obedience training and bites a passerby.
- A guest at a party whom you served alcohol crashes their car.
Events like these can cause a huge financial burden if you lose in court, and your legal expenses can skyrocket even if you win. Umbrella insurance assists with both the court judgments and your legal expenses, and it pays for claims whether the incident occurs in Texas, in another state of the United States, or internationally.
Umbrella policies also protect you from unlawful detention, false arrest, defamation, and slander.
Your home, auto, boat, or aircraft policy provider provides your umbrella coverage in Texas. You can also get umbrella coverage for your investment properties, even if some of them are located outside of Texas.
Texas Independent Insurance serves customers throughout the state from our office in Allen, TX. Call us today for an appointment to review your coverage.
