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Umbrella policies cover you if you are ever sued, and the amount of coverage exceeds the amount that the lawsuit demands. Umbrella insurance usually comes into play if a severe accident occurs and regular insurance is not enough to cover all damages.
Because umbrella policies have a more comprehensive range of coverage, they usually come with higher premiums than standard insurance policies. Still, they can be worth the cost if you ever need to use them. For questions in Austin, TX, immediately call The Policy Source.
What to Know About Umbrella Insurance
Umbrella insurance is meant to cover you if you are ever liable for something and don’t have enough insurance to cover the cost. Still, your liability insurance only covers up to $250,000; your umbrella policy covers you up to the $1 million limits.
It’s good to purchase an umbrella policy if you have many assets to protect or a liability that exceeds your primary insurance limits. For example, if you have a million-dollar home, a million-dollar car, a million-dollar business, expensive artwork, etc., you may consider an umbrella policy.
Umbrella policies can provide up to $1 million in additional coverage, giving you the financial resources to fight a suit if one is filed. Umbrella insurance protects you if you are sued and the amount of coverage you have exceeds the amount that the plaintiff claims. Umbrella insurance can help cover your legal costs if you are found liable in a lawsuit and the cost of your damages up to the limit specified in your policy.
What to Know About Umbrella Insurance
Umbrella insurance protects you if you are sued and the amount of coverage you have exceeds the amount that the plaintiff claims. Umbrella policies can help cover your legal costs if you are found liable in a lawsuit and the cost of your damages up to the limit specified in your policy. For advice, tire no more. Contact The Policy Source serving in Austin, TX.