Category: Umbrella Insurance

When you have home and auto insurance policies, some coverage is lacking. That’s why so many people get an umbrella policy to work with those two policies. If you are interested in getting an umbrella insurance policy, contact us at All-Tex Insurance in Granbury, TX to find out more. 

Adding to Your Policies

With your home and auto policies in place, several types of coverage are included in both of these policies. One of those coverage types is liability coverage. The liability coverage in these two policies covers you if there is an accident that is your fault and there are injuries or property damage that results from it. However, the amount of this liability coverage is fairly low with both of these policies. To add to that liability coverage, there is umbrella insurance. It adds to the liability of both policies so that a serious accident can be paid for without a lawsuit or you having your finances wrecked. It is much less expensive to do this than increasing the amount of coverage you have in your home and auto policies.

How It Works

When there is an accident either at home or in your vehicle, the home or auto insurance will pay for the bills up until it reaches its maximum amount. After that, your umbrella policy kicks in. It has a much higher maximum, so you are far less likely to have to come up with the overage on your own. It protects you by paying that overage up to its own maximum. 

Get Your Umbrella Coverage

If you want better liability coverage for your home and auto policies, you need an umbrella policy. Call us at All-Tex Insurance in Granbury, TX to talk to an agent about your liability coverage needs.

When it comes to umbrella insurance, it is not insurance to cover your umbrella. It is insurance to protect your assets. What exactly does that mean? It means when you have assets; you are at risk of being sued. It is just that simple. Being involved in legal action can cost a bundle of money. If you don’t have a lot of ready money, you could be forced to sell your assets or even have your wages assigned. At All-Tex Insurance in Granbury, TX, we have 20 years of experience helping customers find perfect insurance products. 

Umbrella insurance is an additional layer of protection that goes into effect when your primary policy liability has reached its maximum. To purchase umbrella insurance, you must already have a policy with liability converge. You don’t need to be a homeowner. Renter’s insurance, auto insurance, boat, condo, and motorcycle insurance all have liability coverage. If you have commercial insurance, chances are you have liability coverage as well. 

With your primary policy, you likely won’t have a very high level of liability protection. Every state has its own required minimum limit on auto liability. Most are $50,000 or less. That won’t go very far if you are in a serious accident and are at fault. If you haven’t checked it recently, you should check what you have for a limit on your liability coverage. Most umbrella policies start at one million dollars and go up from there. With legal cost and a judgment against you, this won’t seem like an outrageous insurance amount to carry at a very affordable rate. Basically, if you have any assets, you should buy umbrella insurance. 

If you are ready to discuss umbrella insurance, All-Tex Insurance in Granbury, TX is here to help out.  Contact us and let us give you a quote. 

When the weather outside is stormy, having an umbrella can make you feel safer and more protected. An umbrella insurance policy can give you that same feeling but what it covers are your assets. An umbrella policy is what can, in the most straightforward language, be referred to as excess liability coverage. It is not a policy that you buy on its own. You need to have another primary policy with liability coverage that an umbrella supplements. At All-Tex Insurance in Granbury, TX, we are locally owned and operated. With 20 years of experience, we can provide our customers with the personal service they deserve. 

Some of the policies that can be supplemented with an excess liability policy are home, condo, renters, and auto. If legal action is brought against you and results in a judgment, you may have to pay a settlement. If that judgment is more than your primary policy, the remainder and any legal expenses are your responsibility. That is where an umbrella policy comes into action. When the limit on your primary policy is met, the umbrella will take over and pay expenses up to the limit on the umbrella policy. Most umbrella policies offer excess liability from between one and five million dollars.

Given the amount that judgments can run these days, you need to have this kind of protection for peace of mind. Without an umbrella policy, you could be forced to sell your assets, and your future wages could be attached. This is not something that makes for a peaceful night’s sleep. 

At All-Tex Insurance in Granbury, TX, we are independent agents who work for our customers, not just one carrier. We can check with multiple carriers to find the best deals on coverage and cost. Give our office a call to make an appointment for a no-obligation quote.