Umbrella insurance offers your business and personal assets additional coverage when the initial coverage runs out. At Presley Insurance Group in Dallas, TX, we understand why you would need extra coverage. Our insurance agency can help you find a policy that is tailored to your specific needs and enables you to hold onto your assets. Don't let an unforeseen event take away the life you've built in Texas.
A Look at Umbrella Insurance
Umbrella insurance gets its name from the fact that it kicks in when your existing insurance policies reach their coverage limits. This type of insurance works with commercial and personal liability policies that include
- Homeowners and commercial property
- Commercial and private auto
- Boat and watercraft
- Property damage
- Some types of lawsuits.
An umbrella policy will also defend you in a libel or slander lawsuit, or in the event of false arrest. It's a type of insurance that's designed to cover disasters and adverse events that aren't typically covered by other types of liability insurance.
How Umbrella Insurance Works
Umbrella insurance is invoked when a qualifying policy is exhausted. For example, a visitor slips, falls, and suffers a serious injury on your property. Your homeowners or commercial insurance policy will provide medical coverage for the visitor up to a set limit. When the limit is met, the umbrella policy picks up the medical coverage and has a higher limit. The higher limit from the umbrella policy protects your assets and reduces the odds of the visitor filing a lawsuit against you or your business.
Call Us to Learn More About Getting an Umbrella Insurance Policy
At Presley Insurance Group, we understand the challenges people face at home and in commercial settings in the Dallas, TX area. Give us a call today to learn more about getting an umbrella policy to take care of the life you've made for yourself in Texas. We can find policies that meet your needs and help you find free quotes for coverage.