Insurance is designed to offer protection from a variety of different risks. Many types of insurance offer a liability component. Liability insurance offers protection against claims filed against you for medical expenses, physical damage, pain and suffering, and more. At Thompson Insurance Services in Highland Village, TX, we are a family-owned and operated independent agency. We understand the benefits of umbrella insurance and will gladly discuss the reasons why it can help to protect you and your family. 

Umbrella insurance is a form of liability insurance called excess. It can be added to any policy that already has liability coverage. It is not a policy you buy without already having some form of liability coverage. Some policies that have this coverage include auto, home, commercial, boat, and motorcycle policies. You may not have paid a lot of attention to the amount of liability protection you carry on the policies you have. If your assets have increased since you purchased the policy, chances are you are under-protected. 

Picture an umbrella, the visual helps you see the coverage an umbrella policy offers. Your assets are represented by you under the umbrella feeling dry and protected. Without it, you would be out in the rain. In a society that encourages suing for any reason, it has become a necessity to protect your assets. A typical policy that provides liability protection likely has less coverage than you need to feel safe. An umbrella policy starts at 1 million dollars and goes up to about 5 million in additional liability protection. When your primary policy reaches its maximum, the umbrella policy picks up the coverage.  

At Thompson Insurance Services in Highland Village, TX, we want to help our customers to get the coverage that they need. Give us a call to set up an appointment for a consult and a no-obligation quote.