It seems as if some part of Texas is always suffering from a drought. To say that now the state is completely saturated may be an overstatement, but it does seem like Spring 2015 in Texas is making progress in the rain department – which goes along with the old saying, “April showers bring May flowers.” Texas wildflowers – bluebonnets, Indian Paint Brush, Indian Blanket, Pink Primrose – are popping up all over the state, which offers some proof of a good rainy season. The first thing that may come to mind when thinking of a rainy day is an umbrella. While most people don’t need a lesson on how to use an umbrella, they may need one regarding umbrella insurance, what it covers and who needs it.

What Is An Umbrella Policy?

Most people assume an umbrella insurance policy covers everything; although its coverage is quite encompassing, it is dangerous to make such an assumption. Typically, an umbrella policy offers additional coverage for all of your already insured liabilities such as home, condo, motorcycle, boat, and RV. What this means is that you cannot have an umbrella policy without already having regular coverage in place.

What Does An Umbrella Policy Cover?

To better understand the coverage an umbrella policy provides, you must look at the specifics. As previously mentioned, an umbrella policy offers coverage above and beyond that furnished with an existing policy. This includes additional liability coverage above the limits of a homeowners, auto, or boat insurance policy; it is applicable when the liability on pre-existing policies has been exhausted. An umbrella policy also includes coverage for a claim that is otherwise excluded by a primary liability policy.

Such coverage could cover certain types of lawsuits, libel, slander, and even dog bites. It is also important to point out the things that an umbrella policy does not cover, such as flood damage or uninsured/underinsured motorists. An umbrella policy covers bodily injury and property damage caused by an insured to a third party.

Who Needs Umbrella Insurance?

We previously explained the coverage furnished under a personal umbrella policy for a policyholder’s personal auto, boat, or homeowners policies; however, what about an umbrella policy for commercial liability? This coverage does not just apply to individuals, as an umbrella policy can be a vital business asset. This extra line of coverage can be a life preserver if a business should face a lawsuit that exhausts a commercial general liability policy limits. It can save a company facing a professional liability nightmare that needs extra coverage. Just as this coverage protects individuals, it also protects businesses.

Like Texas weather, no one can predict what the future holds. Don’t let one rainy day leave you in a sopping wet mess. Protect yourself and your business with an umbrella policy that will cover you when the storm hits. Call the insurance professionals at Jones & Associates Insurance today and find out how affordable a personal or professional umbrella policy can be!

Need Some Umbrella Policy Insurance For Your Or Your Company?

Jones & Associates in College Station TX Can Satisfy Your Umbrella Policy Needs!

Call (979) 599-7532 – Today!

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