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  • Umbrella Insurance plano tx

Do I need Umbrella Insurance?

Liability insurance is critical for every household. In fact, most states require it to drive a car or get a mortgage on your home. However, owning the minimum amount of liability insurance the states require is not the best idea. Liability insurance covers any medical bills or legal fees that result from any injury that you cause. Umbrella coverage policies protect you from liability issues the go beyond the liability limits of standard insurance policies, such as your homeowner’s, car insurance, etc. It is essential to consider who will pick up the tab if you are responsible for a multi-car accident and your liability costs exceed the limits on your car insurance by thousands of dollars. Although these kinds of things may be few and far between, you cannot be too careful.  Who Needs Umbrella Coverage Insurance? In general, we recommend an umbrella policy  to everyone; however, we think there are a few groups we think need umbrella coverage insurance. Wealthy households – Wealth individuals and families are frequently the targets of lawsuits. The extra liability protection that comes with umbrella insurance is critical for wealthy households. Anyone who owns a pool, pond, or trampoline – Pools, ponds, and trampolines all... Read more