Personal Umbrella Insurance in Arlington, TX

Including Arlington, Burleson, Mansfield, Midlothian, Fort Worth, Keller, Southlake, Grand Prairie and Cedar Hill, TX

What is personal umbrella insurance?

Home and auto insurance is an important step in your financial planning and a great way to protect your family’s assets. But, it is not without limitations. You can choose the amount of coverage you wish to own. But, these personal insurance policies will only cover up to a certain dollar amount. For coverage beyond those limitations, you will need umbrella insurance.

What Does A General Liability Umbrella Policy Cover?

A general liability umbrella policy typically provides extra protection above the limits of your primary liability insurance. It can extend coverage to bodily injury, property damage, and certain legal claims. It is designed to help safeguard your finances when a major claim exceeds your standard policy limits.

How Much Is A $1,000,000 Umbrella Insurance Policy?

A $1,000,000 umbrella insurance policy is generally considered affordable compared with many other types of coverage. The cost often depends on factors such as your location, the number of vehicles or properties you own, and your overall risk profile. Most people find that the premium is relatively low because the policy only activates after other coverage is exhausted.

Is A Liability Umbrella Policy Worth It?

A liability umbrella policy is often worth it because it provides significant additional protection at a modest cost. It can help shield your assets if you face a large claim that exceeds your primary insurance limits. Many people choose it for peace of mind, especially if they want broader financial security.

What are the benefits of personal umbrella insurance?

Standard insurance policies do provide valuable protection. But, there is still a chance that you can become financially liable for a sum larger than what your policies will cover. For instance, say you have a fire in your home, and it spreads to destroy your neighbor’s property. Does your home insurance policy include enough liability coverage to pay for the damages?

Umbrella insurance can protect your assets if you are held liable for property damage or bodily injury. It can also help cover legal fees, false arrest, libel and slander. If you are sued and do not have enough coverage with your standard policies, all your assets are exposed. This can include your house, car, financial and retirement accounts, and future income.

Think of umbrella insurance as a blanket policy that adds another layer of coverage on top of your basic policies. When you’ve reached the limits on your home or auto insurance, your umbrella insurance then helps cover the remaining costs.

Learn more about umbrella insurance

If you want to protect you and your family from financial ruin due to an unforeseen accident, you may need an umbrella policy. Call us today at 817-563-5555 to learn more.