If you live in Austin, TX, you probably must have already taken steps to purchase insurance coverage for both your family and property. However, do you think the primary home, auto, boat, condo or renters insurance offers you enough coverage? Well, probably not because accidents know no limits.
What you need is insurance back up–Umbrella insurance or ‘excess liability coverage’. Umbrella insurance is an additional coverage that protects you from major claims and lawsuits.
Is it for me?
Many people assume that only the wealthy or people with huge properties need umbrella insurance, but it is not the case. Since umbrella insurance is additional coverage, anyone may need it to cover for the extra costs when your home or auto insurance is not adequate to cover for all the loss or damage.
Umbrella insurance only comes in when your standard policies are depleted, meaning that it can only be used if your home or boat insurance isn’t adequate. At Austinite Insurance Agency LLC, we know that accidents and lawsuits are inevitable. That is why we recommend umbrella insurance because we care about your overall well-being.
What is covered
Unlike other necessary insurance policies, umbrella insurance covers more than just a single area. The policy can literally shield you financially in any basic policy that is rendered inadequate to cover all your financial needs. For instance, you are driving and you accidentally get involved in an accident whereby you injure someone. The medical bills exceed your auto insurance’s limits. Your umbrella insurance will pick up from there and pay the rest of the bill.
Umbrella insurance is basically for everyone who needs extra coverage–well we all do. Let Austinite Insurance Agency LLC help you get covered today. Call or visit our offices in Austin, TX for quotes or policy discussions.