Protecting all of your assets should be one of your main priorities, which is why you invest in various personal insurance policies. While all of your separate policies will provide coverage for many situations, they all have strict limits on the amount of coverage that they will provide, which could leave you uncovered in case of a serious accident.
Luckily, a personal umbrella insurance policy will provide the extra coverage needed in case of any peril. The liability that is provided by a personal umbrella policy will kick in once the liability insurance coverage that is provided by your other insurance policies has been exceeded, to ensure that you are not left paying out of your own pocket.
The protection that is provided by a personal umbrella insurance policy is extremely vital if you are sued after an accident. No matter if you were at fault for a car accident, or someone fell off of your backyard deck, they have the option to sue you for their injuries and lost wages if they are out of work. While your homeowner’s or auto insurance policy will provide some coverage, it may not provide enough protection to cover the cost of a lawsuit, which can not only put your finances at risk, but your personal assets as well. A personal umbrella policy will kick in to ensure that you stay financially stable after any unfortunate situation that you encounter.
For all of your personal umbrella insurance needs, contact the insurance professionals at Gant Insurance Agency in McKinney, Texas. As an independent insurance agency, we will work with you to ensure that you have the right amount of protection for your specific needs, all at the right price to fit your budget.