Umbrella Insurance in Texas

Many people have a misconstrued idea about umbrella insurance coverage. Umbrella insurance provides extra liability protection to safeguard your personal assets against large liability claims or lawsuits. If you own valuable property in Texas or have substantial financial assets, you can benefit from what an umbrella policy from Pounds Insurance in the Dallas Fort Worth Metroplex area has to offer.

How Umbrella Insurance Works

Umbrella insurance covers large liability claims that exceed the limits of your home, auto, renters or watercraft liability coverage in Texas. Umbrella coverage starts once the limits of your primary liability insurance have been exhausted.

Here are a few scenarios in which umbrella insurance can work for you:

  • You cause a multi-vehicle auto accident that sends numerous victims to the hospital with extensive injuries. Their combined medical expenses can easily exceed the limits of your auto liability coverage, leaving you responsible to pay remaining costs. Umbrella insurance protects your assets by covering these excess costs.
  • Your dog escapes from your yard, attacks a neighbor’s child and you are sued for damages.
  • A guest almost drowns in your pool after too much to drink at a dinner party and sues you for damages. Umbrella insurance helps cover your legal fees and settlement, up to the limits of your policy.

Umbrella insurance covers you as the policyholder and members of your immediate household or family. In addition to accidents and lawsuits, umbrella insurance can protect you against claims of libel, slander, vandalism, and invasion of privacy.

Is Umbrella Insurance for You?

If you’re at greater risk of being sued due to your high net worth or lifestyle, you could be a candidate for umbrella coverage. After assessing your personal situation and reviewing your financial portfolio, your Pounds Insurance agent can help you determine how much umbrella coverage to obtain. By protecting your assets, umbrella coverage can provide you with financial security for the future.

To learn more about umbrella insurance coverage and costs, contact Pounds Insurance in Garland, Texas.