Category: Umbrella Insurance

Many Granbury, TX, homeowners don’t need more than a regular home insurance policy. However, it’s never wise to assume you’re all set because you have basic coverage. Your assets, career, and other factors may require that you purchase umbrella insurance for your home. Umbrella insurance doesn’t take the place of a home insurance policy; rather, it adds to it to ensure you’re fully covered no matter what happens.

Signs You Need Umbrella Insurance for Your Home

Is your home worth a lot of money? If so, you may want umbrella coverage to provide compensation if your home is destroyed and needs to be completely rebuilt. Surprisingly, over 60% of homes in the United States are underinsured, which means that homeowners wouldn’t be able to replace a house in the event of an unfortunate incident.

Do you have large events at home or host regular parties? If so, your homeowner’s insurance liability coverage may not provide enough compensation if one or more guests are injured. Slippery stairs, insufficient lighting, or even a falling tree may result in a lawsuit you cannot handle without extra liability coverage from an umbrella insurance policy. 

Do you own valuable assets that you store at home? If so, your homeowner’s insurance policy will likely only replace a portion of their value. You’ll need extra compensation to cover the full value of expensive items such as jewelry, art, antiques, and heirlooms. 

Great Insurance Options from All-Tex Insurance

All-Tex Insurance specializes in meeting the insurance needs of Granbury, TX homeowners. Whether you’re looking for an umbrella insurance policy to augment your existing homeowner’s insurance or you need both home and umbrella insurance, contact us at your convenience to learn more about your options. 

Business owners have many things to consider when protecting their assets and maintaining their businesses. Fortunately, it’s possible to invest in an insurance policy that covers the important areas of your business. However, sometimes a primary insurance policy isn’t enough. Business owners can include another level of protection if needed. Determining if another layer of protection would be a wise investment may be challenging. Our team at All-Tex Insurance is committed to helping Granbury, TX business owners understand all the insurance options available to them.

What is umbrella insurance?

Umbrella insurance is backup or secondary insurance. In other words, if you have a covered event that exceeds the maximum limits of your insurance policy, umbrella insurance will cover anything that exceeds the maximum limits of your primary policy. In some situations, umbrella insurance can act as primary insurance if you have a covered event that is not included in your primary insurance policy. 

I have a small online business. Do I need umbrella insurance?

Umbrella insurance can be helpful if you feel your business could be liable for a claim beyond your liability limits. Umbrella insurance would cover anything that exceeds your primary limits as long as it’s considered a covered event. If you have a business where customer interaction is frequent, umbrella insurance may be a reasonable consideration. However, there may be other factors that would make an umbrella insurance policy a good investment as well. Even if you run an online business, you may still have assets to protect and other business issues that would benefit from umbrella insurance. If you have questions about umbrella insurance, call us. We’d be happy to help.

If you’re a Texas-area homeowner, nothing is worse than finding yourself on the receiving end of a legal liability claim or lawsuit resulting from accidental injury on your property.

The good news is that local residents who find themselves in this potentially sticky situation can shield themselves from complete financial devastation with proactive planning and a little help from a trusted local insurance agency like All-Tex Insurance. 

How Umbrella Insurance Provides Unwavering Protection for Granbury, TX Residents

If you’re new to the insurance world, umbrella insurance is a particular type of insurance that acts like a supplementary insurance policy. This additional insurance policy can extend your existing home or auto insurance policy limits when their coverage limits run out. 

Granbury residents looking for easy ways to boost their insurance protections for their home and auto can opt to add umbrella insurance for unwavering protection and a full-service insurance solution.

Licensed insurance professionals can talk to you about umbrella insurance’s benefits and explain how this add-on coverage can offer legal protections against liability claims or property damage claims against the insured. 

What Does Umbrella Insurance Typically Cover in Granbury? 

Local residents get umbrella insurance to help financially protect themselves and their assets against unforeseen circumstances that could lead to devastating losses without insurance.

People seeking proactive solutions to life’s problems can protect their assets and financial interests by adding an umbrella of insurance protections to their current home or auto policy. Discount options may be available for policyholders who choose to bundle multiple policies. 

Contact a licensed agent at All-Tex Insurance in Granbury, TX, to learn how to extend the limits of your current insurance policy and get covered by umbrella insurance today! 

 

You are a parent with a teenager who just got his driver’s license. At this point, you might be wondering how to keep yourself and your family protected. If this isn’t you, maybe you own a swimming pool, trampoline, or even a dog. These factors can have big risks for liability lawsuits. How can you protect your finances and assets? All-Tex Insurance can help you with an umbrella insurance policy in Granbury, TX.

What is umbrella insurance?

Umbrella insurance is an extra form of liability protection. It might be a wise idea to have umbrella insurance on top of your regular auto and home insurance policies if you have any risk factors.

Some of the things that can put you at higher risk of a lawsuit include:

• Trampolines
• Swimming pools
•  Dogs
• Teenage drivers
• High net worth
• Frequently hosting guests

How does umbrella insurance work?

Here’s how umbrella insurance works. Let’s say that you own a trampoline, and it attracts all of the neighborhood children. One of the neighbor’s kids falls off the trampoline and breaks their arm. The parents decide to sue you for the damage that the fall from the trampoline caused.

You would first use the limits of your home insurance coverage to pay for the legal costs to settle the lawsuit. If there are more costs left over after the limit has been reached, your umbrella policy will kick in to cover the rest of the cost. Because you had umbrella insurance, you did not have to pay the extra costs of the lawsuit out of your pocket.

Contact Us Today

Stop by or contact us at All-Tex Insurance to get umbrella insurance in Granbury, TX. We can answer any questions you have about umbrella insurance and give you a quote.

Knowing when to purchase umbrella insurance can be a tricky decision. All-Tex Insurance is here to assist you with guidelines for when you should consider adding an umbrella policy to your insurance portfolio in Granbury, TX.

What Is Umbrella Insurance?

Umbrella insurance is an extra layer of protection that provides liability coverage above and beyond other policies, such as homeowners or auto insurance. It covers personal injury and property damage claims, including medical bills, lost wages, pain and suffering, legal fees, and more. In the event of a lawsuit, an umbrella policy will kick in after the limits of your primary policy have been reached. This type of coverage is excellent for those with high net worth because it prevents them from paying out-of-pocket costs in the event of a disastrous lawsuit.

How Much Net Worth Should You Have Before Getting an Umbrella Policy?

The answer to this question depends on several factors, including your current assets, liabilities, income level, and lifestyle. Generally speaking, it may be wise to consider investing in an umbrella policy if you have enough assets to make you a target for litigation or engage in risky activities (such as owning a boat). Also, keep in mind that if you are sued for over $1 million, then an umbrella policy could help protect your assets from being seized by creditors or claimants during litigation.

Contact Us Today

Having adequate insurance in Granbury, TX is essential for protecting yourself financially against potential risks down the road. Especially if your net worth is considerable enough, it makes you more vulnerable to lawsuits or other costly legal proceedings. If you still have questions, contact All-Tex Insurance today. We can help you find the right solution for where you are now in your financial life.

Many myths surround umbrella insurance. One of them is that it is only for the wealthy. At All-Tex Insurance in Granbury, TX we like to think that we are myth busters and want our customers to understand the benefits of umbrella insurance for them. As independent insurance agents, we have a lot to offer and we understand that we work for you. We do our best to make sure you get the right insurance products.  

Is umbrella insurance only for the wealthy?

Before you can answer the question, you need to understand what umbrella insurance is. It is excess liability insurance. What that means is that it adds an additional layer of protection to any policy or policies that you have which includes liability coverage. Umbrella insurance is not a stand-alone policy, you need to have a primary policy that it can supplement. 

Liability insurance is the type of coverage that protects you from having to pay out of pocket for injuries that you cause or are responsible for. Many different types of policies have liability coverage as part of their components. Most people have one or more of them. Auto, motorcycle, boat, RV, commercial, home, condo, and renters all have liability coverage. 

Most basic insurance policies have pretty basic liability coverage. An accident can result in major expenses for a hospital stay, not to mention if the person injured decides to sue.  You work hard for whatever wealth you have accumulated and you could lose it all if the judgment ends up exceeding your liability coverage. Umbrella insurance adds an additional million dollars minimum to whatever your primary policy has. That is enough liability coverage to at least let you sleep at night. 

So no, you don’t need to be wealthy, you just need to have some assets. 

Give Us A Call

Contact All-Tex Insurance in Granbury, TX to discuss what umbrella insurance can bring for your financial security. 

If you own a business in the Granbury, TX area, it’s time to get to know the team at All-Tex Insurance. Our team can help you with all of your commercial insurance needs, including umbrella policies. Call us today and schedule a consultation. We look forward to working with you.

Liability protection from an umbrella policy

When it comes to liability protection for a commercial entity, an umbrella policy is typically the most effective way to put this coverage in place. Liability and the financial responsibility for damage and losses can absolutely destroy a business’s bottom line. Especially in the current litigious environment.

With an umbrella policy, a firm is able to protect its current and future interests. When and if the primary policy is exhausted, it is then possible to rely on the umbrella policy for liability protection. Sadly, without such a policy in place, one egregious lawsuit could be enough to ruin a company.

Sitting down with a commercial insurance partner is the most effective way to determine how best to protect a business’s interests. Determining the appropriate level of protection that is necessary is the first step. Next, finding the right policy that reaches that level and is a good fit with the primary policy is required.

Working with a trusted advisor can help to ensure that the process goes smoothly and correctly. Any business that operates in an industry where lawsuits are common needs to have robust protection.

Get in touch with us today!

All-Tex Insurance is here to provide insurance services to the greater Granbury, TX business community. We look forward to working with your company and helping you get the liability protection that will protect you now and in the future. Call the office today and set up a consultation. 

All-Tex Insurance serves the Granbury, TX community, as well as the surrounding areas. We offer multiple types of coverage. We are committed to helping our clients find policies that will help them navigate life’s risks. We are here to help simplify the process of finding the right insurance policy.

Commercial Umbrella Insurance Overview

Umbrella insurance is designed to cover you in severe emergencies. It’s a supplemental form of coverage that steps in once you have reached your liability limits on another type of insurance. Umbrella insurance is often used to assist in home or auto liability disputes. If you are a Granbury, TX business owner, umbrella insurance can help protect your investment. Perhaps a customer is visiting your store, and they slip on a wet spot, tearing ligaments in their knee. Your business is liable for their treatment and rehabilitation. If you don’t have enough liability insurance, your assets are at risk. In this situation, umbrella insurance would step in once you have exhausted your liability limit to protect your investment.

Umbrella insurance can also protect your business if a customer alleges that one of your products or services caused them. Potential litigation may become complicated. Umbrella insurance can prevent you from losing everything. If you are a restaurant owner, and you serve alcohol, you are also vulnerable to potential litigation. Perhaps you serve a patron one too many drinks, and they decide to operate a vehicle later on and cause an accident. Your business may be held liable for the damages. Luckily, umbrella insurance provides a safety net.

All-Tex Insurance Will Help You Protect Your Investment

Visit our website to learn more information about umbrella insurance.  

Insurance can be overwhelming if you think about it. You are going to need homeowners insurance if you have a home. If you have a vehicle, you also need to make sure that you have insurance for that too. 

Many people go with the cheapest policy that they can get. However, that can be a mistake. You want to make sure that you are fully protected, no matter what happens. In order to do this, you need to know exactly what your policy says, so that you know what is covered (and what isn’t). 

That being said, the best policy in the world may not be enough. For this reason, you may want to consider getting an umbrella policy. But before you do that, you need to know what that is. 

So, what is umbrella insurance? 

In easy terms, an umbrella policy could be considered extra insurance. It is used to protect you and your assets from a liability claim. It will protect you against bodily injury and personal property claims. 

You need to remember that it is added to your current policy. It can’t be used in place of a normal policy. It will kick in once you reach your liability limits on your regular insurance (whether it is your homeowners, automobile, or business insurance). 

You may want to think about it as an additional layer of coverage to your current policies. The thing to remember is that, since everyone is different, the best way to make sure that you are fully protected is by talking to an experienced insurance company. 

If you live in Granbury, TX, don’t hesitate to contact us at All-Tex Insurance. We would love to be able to help you with all of your insurance needs. 

Umbrella insurance is primarily concerned with liability. Sometimes, the liability section of standard home, auto, and commercial insurance is not enough to cover you in the face of excess liability if you are legally liable. All-Tex insurance serving the city of Granbury, TX is here to assist you to make sure that you have sufficient coverage in the event of a figurative downpour.

What is umbrella insurance exactly? Umbrella insurance, much like the name implies, is insurance that is designed to protect you against unforeseen excessive liability not covered by your traditional personal or commercial liability policies. Liability insurance is for personal injuries or property damage, for which you are legally responsible.

Almost all types of policies, including personal, commercial, and auto insurance policies, offer a certain amount of liability coverage, but it may not be enough and, therefore, it is worthwhile to consider additional umbrella insurance. If you had to imagine your insurance policies all standing side by side, then umbrella insurance would be placed above those to provide extra protection. The equivalent of an umbrella, in an unexpected cloud burst of rain, keeping you that little bit drier. You will not always use your umbrella insurance. It will only come into play when the limits of your standard policies have been exhausted.

There are variations to umbrella insurance. Some umbrella policies offer the additional financial protection of paying for defense in the event of a liability lawsuit. It is worthwhile reviewing your policy and asking your insurance agent if it is included.

Umbrella insurance is there to cover the gaps so don’t hesitate. If you believe that you have insufficient liability insurance for yourself or your business, then contact All-Tex Insurance serving Granbury, TX today and secure peace of mind.