Umbrella Insurance in Texas
Standard auto and homeowners’ policies are tailored to meet the insurance needs of the general public. However, some clients may need additional coverage to accommodate extenuating circumstances. This is where a good umbrella policy can help.
The Integrity Advisors Agency, LLC is proud to help the people of San Antonio, TX choose an insurance policy that will keep them protected in any situation.
What is umbrella insurance?
Umbrella insurance refers to policies that provide additional liability insurance to those seeking coverage. Standard homeowners or vehicle insurance will provide coverage for common accidents and occurrences most policy owners will encounter. But if you’re someone who owns expensive property or is at risk for potential lawsuits, you may wish to purchase an umbrella policy.
If you own a car whose value exceeds the coverage, your standard auto insurance provides, and umbrella policy will allow you to recoup the full amount if the vehicle is damaged or stolen. An umbrella policy is not a stand-alone entity and must be purchased in conjunction with an existing policy. However, it’s an excellent tool for those looking for maximum protection.
Who should have an umbrella insurance policy?
Umbrella policies are great for those who carry more liability than the average person. The details of the coverage vary depending on the circumstance. Still, they are traditionally used by those who have expensive personal property or may be at risk for defamation or lawsuits. Some examples of clients who may need an umbrella policy:
- Landlords
- Business owners and public figures
- Homeowners with a pool or trampoline
- Car collectors
Umbrella policies are for anyone who feels they will still be at risk, even with a standard insurance policy in place. These are just a few examples, but there are dozens of other scenarios where an umbrella policy may be wise.
If you live in the San Antonio, TX area, and have any questions about umbrella policies, give us a call at the Integrity Advisors Agency, LLC today!
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