If you’re considering buying an umbrella insurance policy from our agency at Thompson Insurance Services in Highland Village, TX, you may wonder if umbrella insurance policies cover liability. After all, liability and related expenses can be unpredictable. Even if you don’t think you’ll ever need to tap into the liability coverage on an insurance policy, it’s always better to be safe than sorry.

Being underinsured can open you up to financial hardship and even bankruptcy. If you’re more insured than you think you need to be, you’ll enjoy a financial safety net that can come into play in emergencies. If you or your company is found to be at fault in a lawsuit, you will wish you were prepared with the appropriate amount of coverage. As we say in our industry, you should get insurance coverage yesterday. Of course, that’s impossible, so there’s no time like the present. Before you commit to purchasing an umbrella insurance policy, we can share useful information about what umbrella insurance covers.

Does Umbrella Insurance Protect Against Liability?

Like any insurance policy, umbrella insurance has specific terms and limits unique to every policy. Still, it generally offers similar coverage for certain things. Regarding liability, umbrella insurance typically covers injury, property damage, qualifying lawsuits, and some personal liability issues. Of course, you’ll want to contact us to see what your umbrella insurance covers specifically. Some umbrella insurance policies may be designed to extend coverage for something in particular, like your home or business. In these cases, you’ll have to review your policy to see what liability coverage looks like.

To make the most of your primary policies, call Thompson Insurance Services in Highland Village, TX to learn about our umbrella insurance!