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Umbrella Insurance in Texas
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Also known as personal excess liability insurance policy, umbrella insurance is a secondary type of liability coverage that provides coverage for personal liability. Umbrella insurance provides one of the best ways to protect your established and future assets against loss. Its known as a secondary policy because it’s not a standalone policy. If any claims like lawsuits rise against you, umbrella insurance gives you an added protection.
Do I Need Umbrella Insurance?
Yes, you do need umbrella insurance. This coverage kicks in when all your policies reach their coverage limits. It protects you when you have major lawsuits and claims coming your way thereby helping you keep your assets safe. Keep in mind that umbrella insurance is a secondary policy, your umbrella liability coverage only becomes effective when your underlying liability policy or primary policy provides a pay-out.
Umbrella insurance takes over from the underlying liability coverage or primary policy. If you have assets or some investments that you’d like to protect from lawsuits or other legal claims, umbrella insurance is the way to go. Hinman & Associates Insurance in Nevada can help you secure an umbrella policy to protect your assets and future from the unseen.
What’s Covered Under Umbrella Insurance?
Umbrella insurance covers a lot of situation that would otherwise leave you exposed to major claims and lawsuits. Some of these situations may involve damage to property, injuries, etc. In particular, this coverage provides protection from litigation resulting from injury or property damage as well as the cost of legal defense if you get sued for causing injuries or damage to a third-party.
Just like an umbrella covers your whole body from the rain, umbrella insurance is designed to provide financial protection in almost every aspect of your life. Protect your future by purchasing an umbrella insurance policy from Hinman & Associates Insurance in Reno & Sparks, NV. Give us a call or visit our offices for more information.