Umbrella Insurance in Texas

Umbrella insurance in Midland, TX will provide you with some extra liability coverage. Anyone can purchase this coverage, as long as you already have the minimum required coverage for your home and auto policies. Umbrella insurance can be an important supplement for other insurance coverage. While not everyone needs to have umbrella insurance, having this coverage could mean the difference between having enough coverage and paying out of pocket for a major lawsuit.

What Does Umbrella Insurance Cover?

Umbrella insurance kicks in after your coverage on other primary policies are exhausted. It can also provide added coverage for legal defenses and can even cover some lawsuits that other policies would deny, such as slander or libel. Umbrella insurance, like other insurance policies, does have some exclusions. If the exclusions on your policy are necessary, then you can get a rider. Speak with an agent at Ledford Agency LLC to see what your policy would cover.

Should You Get Umbrella Insurance in Texas?

It’s really easy to face a lawsuit today, which means that pretty much everyone can benefit from having extra coverage that umbrella insurance provides. If you have assets to protect, are expecting an inheritance, have the potential to earn a substantial income, or have a great liability risk then you should consider getting umbrella insurance. Unfortunately, the liability protection provided by your home and auto policies is not enough for many different lawsuits.

Getting Umbrella Insurance in Texas

Umbrella insurance in Midland, TX can be purchased as a standalone policy only if you already have higher liability limits on home and auto policies. You can then purchase an umbrella policy is $1 million increments. While $1 million is usually enough for most people, if you have significant assets then you may want to purchase more coverage. An agent can help you determine how much coverage is right for you based on your assets and your liability risk.

Contact Ledford Agency LLC to get a quote on umbrella insurance.