Umbrella insurance is a type of policy that expands your existing liability coverage, therefore, filling the gaps left by homeowners or auto insurance. Buying an umbrella insurance policy can offer extra financial security if an unexpected eventuality occurs. Contact us today at David King Insurance Services LLC in Coppell, TX, and our agents will help you land proper coverage that instills peace of mind.
In a nutshell, an umbrella insurance policy cushions you from liability claims that supersede the typical insurance limits. Most insurance representatives recommend that an umbrella insurance policy be acquired by anyone who possesses sizable assets. This superstition is not the ultimate truth! Because even an individual who has an average net worth is susceptible to a potential lawsuit, which can culminate into financial ruin for the rest of his/her life.
If a third party successfully sues you, all your hard-earned assets could be at risk. Acquiring extended coverage and some different types of insurance policies as a Texas resident is pivotal because it can substantially increase your financial security. Umbrella policy rates depend on the type of policy and coverage limits. Visit us today at David King Insurance Services LLC offices, and our trusted agents will provide you with competitive insurance plans and rates of umbrella insurance.
Why do you need an umbrella insurance policy?
- Umbrella liability coverage offers protection against the imminent financial fallouts of certain types of unexpected phenomena that culminate in property damage or bodily injury for which the policyholder is deemed responsible.
- An umbrella liability takes into effect when other insurance policies such as auto and homeowners have been depleted.
- In some instances, umbrella insurance policies are tailored to offer a broader form of protection that is not covered by the underlying policies such as false arrest, slander, libel, or defamation by assisting you in catering to legal fees.
- Additionally, an umbrella insurance policy can extend coverage to family members, including your spouse and children, against high costs that arise from accidents.
Did you know that investing in an umbrella insurance policy can potentially salvage you a significant amount of dollars down the road? Contact us or visit our office at David King Insurance Services LLC in Coppell, TX. Our professional team will help you get outstanding umbrella insurance that will continuously meet your needs.