Personal Umbrella Insurance in College Station Texas

You can never be too careful these days when it comes to carrying enough insurance. Even if you have standard home and auto policies, there are times when this coverage is not enough and personal umbrella insurance could be helpful.

These policies, sold by many home and personal umbrella insurance agencies, offer coverage where most other policies cannot. The best way to fully protect yourself and your family is with a policy purchased from a knowledgeable personal umbrella insurance provider.

What Is Personal Umbrella Insurance?

Personal umbrella insurance is supplemental liability coverage that protects you and your assets in the event you are sued. It provides benefits above and beyond what your homeowners or auto policy covers under certain applicable situation as stated in your policy. It covers you and your family at home and anywhere you might travel, providing essential protection for excess liability.

When purchased from a personal umbrella insurance agency, these supplemental policies pay for applicable coverage claim payments up to your policy limit.

Why Is Personal Umbrella Insurance Important?

An umbrella policy purchased from a knowledgeable personal umbrella insurance provider can protect your assets in the event that you or a family member is found liable for someone else’s injuries or property damage. Depending on the accident and the claimed damages, awarded insurance claim payments that run into the millions of dollars are not uncommon today.

Even though you have a certain amount of liability coverage with your home and auto policies, your policy limit may not be enough to cover the awarded damages. When you are liable and your current policies do not provide enough coverage, your personal assets can be legally seized.

Your home, cars, investments, savings, and other assets are all subject to liquidation if more funds are needed to satisfy the liability claim judgment. Personal umbrella insurance pays after your other policies are exhausted and prevent your personal assets from being seize to satisfy the judgment.

How Much Does Personal Umbrella Insurance Cost?

For the benefit it provides, umbrella coverage is very reasonably priced. Base policies offering up to $1 million in coverage typically cost only $150 to $200 per year. Your personal umbrella insurance agency can also sell you policies with higher limits, which may be needed if you have a significant amount of wealth to protect or feel you are particularly at risk.

While a base policy is usually sufficient for many people, your personal umbrella insurance provider can help you determine how much you should carry. For a relatively small fee, this type of liability coverage is one of the easiest and least expensive ways to protect your assets.

It is easy to say "it won’t happen to me" and rely on the liability coverage provided by your basic home or auto insurance policies. Unfortunately, accidents happen that can exhaust the liability benefits of other policies. This is why supplemental liability policies sold by personal umbrella insurance agencies make sense.

If you have significant assets, own a home and cars, or simply want to reduce the risk of having any financial concerns due to an accident, consider purchasing a personal umbrella insurance policy from a personal umbrella insurance provider!

Need Personal Umbrella Insurance In College Station?

Jones & Associates Is Your Personal Umbrella Insurance Agency!

Call (979) 599-7532!