Umbrella Insurance in Texas
Umbrella insurance provides an extra layer of protection beyond the limits of your existing policies, such as auto, home, or general liability insurance. It’s designed to cover large claims or lawsuits that exceed your primary coverage, helping you avoid significant financial losses. At Town & Country Insurance Agency of Texas, we help Amarillo and West Texas residents and businesses secure umbrella insurance to protect their assets and future.
Frequently Asked Questions About Umbrella Insurance
What does umbrella insurance cover?
Umbrella insurance covers liability claims that exceed the limits of your primary policies. This includes legal fees, medical expenses, and damages related to accidents or lawsuits.
Do I need umbrella insurance?
If you have significant assets or face higher liability risks, umbrella insurance can provide valuable protection. It’s especially useful for homeowners, business owners, and individuals with high-value properties.
How much coverage does umbrella insurance provide?
Coverage typically starts at $1 million and can go higher, depending on your needs.
Common Uses for Umbrella Insurance
Umbrella insurance is often used to cover liability claims that exceed the limits of your auto, home, or business policies. Common scenarios include:
- Serious car accidents involving multiple injuries or extensive property damage.
- Lawsuits related to injuries on your property or business premises.
- Claims involving libel, slander, or defamation.
Who Benefits Most from Umbrella Insurance?
Umbrella insurance is ideal for individuals and businesses with significant assets or higher liability risks. It’s especially beneficial for:
- Homeowners who want additional protection beyond their home insurance policy.
- Drivers who want coverage for major accidents that exceed auto insurance limits.
- Business owners who face liability risks from customers, employees, or vendors.
- Anyone with high-value assets, such as investments, properties, or savings.
What to Look Out For
When choosing umbrella insurance, it’s important to understand the exclusions and requirements. Umbrella policies typically require you to maintain certain limits on your primary policies, such as auto or home insurance. Additionally, they may not cover intentional acts or business-related liabilities without specific endorsements. Our team can help you navigate these details and find the right coverage for your needs.
Get Help with Umbrella Insurance
At Town & Country Insurance Agency of Texas, we’re here to answer your questions and guide you through the process of selecting umbrella insurance. To learn more or request a quote, contact us today.
