Umbrella Insurance in Texas
Unexpected events can occur at any time, which is why having the right insurance is so important to protect your financial assets against losses. Even when you have insurance coverage, liability expenses can go beyond the amount an insurance policy provides. Personal umbrella insurance extends liability coverage, so that you are more fully protected. At Collum Insurance Group in Richardson, TX, we can help you with the coverage you need for extra protection against financial loss.
What Is Umbrella Insurance?
An umbrella policy is one that provides additional insurance coverage when circumstances go beyond the liability limits of your home or auto policy. In these litigious times, accidents that involve injuries or loss of income can cause lawsuits that run into millions of dollars. Your umbrella policy ensures that your personal finances are not disrupted because of an unexpected accident. Umbrella coverage can be critical in the case of a severe auto accident that incapacitates someone, either temporarily or permanently. In these cases, liability can go well beyond the normal limits of regular insurance policies. Umbrella coverage provides additional coverage and can be used in a variety of other instances where normal coverage limits may be exceeded.
When You Should Consider Umbrella Insurance
Many individuals begin to consider the need for umbrella insurance when they have accrued significant assets that they want to protect. However, anyone may find they need the additional liability coverage provided by an umbrella policy. You may need an umbrella policy if you own a boat or rent boats. You may require additional insurance if you have a dog. If you host guests on your property or if you rent a property, you can benefit from additional coverage. If you volunteer your time and services, the additional coverage can protect your interests. Those who coach youth sports may also have the need for additional liability coverage.
Choose Collum Insurance Group LLC For Your Umbrella Coverage in Richardson Texas
The insurance professionals at Collum Insurance Group in Richardson, TX have the knowledge and experience to help their clients receive the best insurance coverage for their needs. We offer homeowners, auto, commercial, and life insurance. Call Collum Insurance Group LLC today for a free, no-obligation quote for umbrella coverage that can provide additional protection for your financial security.