Umbrella insurance is something that not all people need. That being said, it is a beneficial insurance coverage that can do more for you than you might imagine. For those that live in the Dallas, TX area, the agents with Thompson Insurance Services can help you to find the right coverage and determine just what you can add to your new umbrella policy.

Umbrella policies are typically added to larger policies like a car, home, or commercial policy. This helps to add extra coverage to your existing policies and help cover more without altering the original policy or adding to your premiums for that original policy. What this does is allow you to cover the gaps if an accident occurs. If you have $500,000 in insurance, but the accident costs $600,000, an umbrella policy will cover the difference.

Umbrella policies can be added to nearly any insurance policy type, even specialty policies. Adding umbrella insurance to specialty policies is going to cost a bit more than it would if you were just adding it to a typical insurance policy. An umbrella policy that you are adding to a specialty policy is likely going to be costly and is going to be specific to that type of insurance. A good example is if you add umbrella insurance to a flood policy. It is going to cost more and will only be able to be paid out on that flood policy.

If you have more questions about umbrella policies and what they cover and can be added to, it is always helpful to take the time to talk with an agent. For those in the Dallas, TX area, the agents with Thompson Insurance Services can help you to find the perfect policy for you.