An Umbrella Insurance FAQ: Why You Need an Umbrella Insurance Policy in Plano, TX

An Umbrella Insurance FAQ: Why You Need an Umbrella Insurance Policy in Plano, TX

Umbrella insurance policy in Plano may be exactly what you need to protect you from all of the hidden dangers that even your insurance policy cannot protect you against.

It may be easy to think that umbrella insurance is something that only rich people need to cover their expensive way of life (to fund their Ferrari and the gas to fuel the gas-inefficient Ferrari). It may come as a surprise to you, then, to know that it is actually the middle-class folk who make up a majority of umbrella insurance claims. For example, you may think you have enough protection in case of an accident, but a lawsuit—in the case that you cause major property or bodily damage—could easily dwarf your protection. If you have questions regarding umbrella insurance policies, we have the answer to satisfy your curiosity and get you on the right track to the right umbrella insurance policy in Plano, TX that could end up saving your financial stability.

Question 1: What is umbrella insurance?

If you’re looking for an insurance policy that’ll cover your unique lightsaber umbrella, you may want to look elsewhere. If you’re looking for additional coverage that’s annexed to your auto and home insurance policies, then umbrella insurance is the one for you.

Question 2: How does umbrella insurance work?

This coverage will come into play if you are found liable for an accident and need to pay the subsequent damages, or if you are sued and need to pay your legal fees—even if you are found not guilty. Usually, umbrella insurance policies cover for an extra $1 or $2 million.

Question 3: What does it cover?

Umbrella insurance provides ancillary coverage above the limits of your basic home and auto insurance policies. It can protect you from bodily and injury liability claims along with property damage liability claims.

It’s important to know the information on what your umbrella insurance policy may offer to you. For answers to more questions you may have, contact Tri-Star Insurance Professionals. Our team of Texas insurance professionals will make sure that you are given the right coverage that fits your needs.