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What You Need to Know About Umbrella Insurance

While umbrella insurance might not be one of the most popular insurance types, it is one of the most important ones. An online Texas insurance agency can explain to you the details about umbrella insurance, but here are the basics that you should know.

Lawsuits and liability claims are becoming more and more common. You already have liability coverage with your car and homeowner’s insurance, but only to some extent. Unfortunately, the coverage that these types of insurance provide might not be enough. With umbrella insurance, you can get up to a few million dollars in coverage. This may sound like a lot, but you wouldn’t want to have to pay for devastating lawsuits that eat up your current assets and future earnings should you get sued. An umbrella policy protects you from litigation that may arise from property damage or personal injury and covers your legal defense costs. You could hit a bicyclist with your car today and he or she might be permanently disabled. Or one of the neighbor’s children could drown in your pool. You probably wouldn’t be able to come up with the money to cover the costs associated with such unfortunate incidents. As drastic as this may sound, the sad truth is that there’s no shield that protects you from this.

Getting personal umbrella insurance is critical for you and your family. An online Texas insurance agency can help you get the right blend of coverage.