Umbrella insurance gets its name from its function, shielding your assets and your future from potential storms. It works above and beyond your other coverage, adding extra liability insurance that protects you from lawsuits and major claims that exceed the limits of your home, auto, boat, or other policies. Nest Insurance Agency in Lubbock and Amarillo, TX want the residents of Texas to feel secure with their insurance coverage and suggests that those with larger assets seriously consider an umbrella policy.
Umbrella insurance is designed to kick in when coverage provided by your other policies is exhausted or doesn't apply. For example:
If you happen to cause a serious auto accident and multiple parties and their vehicles are impacted, it’s not difficult to exceed policy limits. For example, if your Texas auto policy covers $300,000 in bodily injury but the total is $500,000, that leaves $200,000 you’d be on the hook for without an umbrella policy. What if a victim sues you for a million dollars for loss of ability to work? Knowing you’re covered in potential scenarios like these can bring substantial peace of mind.
If you want to know more about umbrella insurance policies and how they can protect your assets and your future, please call us today. Nest Insurance Agency has offices in Lubbock and Amarillo, TX, and is looking forward to hearing from you. Contact our agents to learn how to start a policy and get assistance with your choices.