Personal Umbrella Coverage

Texas Personal Umbrella Coverage 

If you have valuable assets you want to protect against liability claims in court, your personal umbrella coverage can add extra protection. Should you have a large net worth, you may want to consider purchasing an umbrella policy.

In the event you are sued for damages that exceed your primary insurance liability limits, an umbrella policy helps pay what you owe.

Find out the additional protection you can get with umbrella insurance. Personal Umbrella Insurance offers up to 5 million in added liability protection above your current auto and homeowners policies. 

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What Is Umbrella Insurance?

Simply put, a personal umbrella policy or a PUP is an extension of your liability insurance. It helps broaden and increase your protection. This can include significantly upping your coverage limit to relieve the financial strain of medical bills and legal fees in the event of an extremely costly accident. 

What Does Umbrella Insurance Cover?

Umbrella insurance protects you in liability situations where your home, auto or boat policies come up short. The extra coverage protects you in two ways—and here they are: 

  • Increases the dollar limit of liability coverage for primary policies: Say your auto insurance liability coverage limit is $300,000. If you purchase an umbrella policy of $1 million and cause an accident that exceeds your $300,000 auto insurance liability limit, your umbrella insurance can cover the remainder, up to a total of $1.3 million. That’s pretty huge.

Why Should I Buy Umbrella Insurance?

Umbrella insurance is surprisingly inexpensive, especially considering everything it can do. It would be a shame to get stuck with massive bills if the unexpected strikes, when it could have all been covered at a fraction of the cost. Liability incidents come in all shapes and sizes, so being ready for everything from the itty to the not so bitty is key for your financial future.

Examples of umbrella liability claims:

Car accidents: Even if you keep  those hands at 10 and 2 and almost always use your blinker, you could cause a serious accident that includes hospitalization. In this case, your umbrella policy kicks in once the $300,000 liability coverage limit on your auto policy is reached.

Dog bites: Your little Yorkie-poo hurdles your fence and attacks a neighbor, resulting in extensive medical costs. In this case, your umbrella policy covers the excess costs of hospitalization, care and rehabilitation after your homeowners liability coverage is maxed out.

Trampolines: Your kid’s friends are doing acrobatic flips, kicks and tucks on the trampoline in your yard and one of them makes a nasty landing, getting seriously injured. In this case, your umbrella liability handles the cost after your homeowners or renters’ liability limits are hit.


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