What Is Umbrella Insurance?

If you own a home and a vehicle, you likely already have a home policy and an auto policy. These are needed for many reasons, and each offers several different kinds of protection. One of these types is liability coverage. Getting more liability coverage is necessary for many people, and it’s as easy as getting an umbrella policy. If you’re interested in getting an umbrella policy, call us at All-Tex Insurance in Granbury, TX.

More Liability Coverage

The liability coverage that you have in your home and auto policies is there to protect you financially in case someone else is injured in an accident. However, you may not have much of this coverage in those policies. When you want more, it may seem like a good idea to add more directly to each of these policies. However, this can be highly expensive. A much less expensive option is to get an umbrella policy. These come with reasonable prices and add an enormous amount of liability coverage onto both of those policies at once. Not only do you get more peace of mind from having better coverage, but you also save money. 

Paying the Overage

When you have home and auto insurance, the appropriate policy will pay out after an accident to take care of expenses like medical bills for the injured party. However, when your liability coverage maxes out, it won’t pay anymore – even if there are still medical bills owed. That’s where your umbrella policy would come in. It would take those overages and pay them so you don’t have to pay them out of pocket. It comes with extremely high maximum payouts so a serious accident can be paid for. 

Get an Umbrella Policy

When you want more liability coverage through an umbrella policy, call us at All-Tex Insurance in Granbury, TX.