There are many options for insurance available. With the countless insurance types and options, you might have questions about what they include. All Around Insurance Agency, serving the residents of Katy, TX, is here to assist. We can answer some of the most frequently asked questions about umbrella insurance.

How does umbrella insurance work?

Before getting umbrella insurance, you need to have auto and home insurance. Umbrella insurance kicks in once the liability runs out on your home or auto insurance. Umbrella insurance is liability coverage that protects you against financial devastation from lawsuits, property damage, bodily injury liability, libel, slander, and defamation.

Is umbrella insurance worth it?

It depends on your assets and your risk factors of getting sued. If you own things that can be a danger to other people in the neighborhood, such as a trampoline or a swimming pool, it would be a good idea to get umbrella insurance. Those increase your risk of a lawsuit due to the danger of other children getting injured. It is also a good idea to have umbrella insurance if you have a large number of assets. Some people are sue-happy and will put a target on someone that has a lot of assets.

Who needs umbrella insurance?

Umbrella insurance is not a good fit for everyone. Some people can do without the need for umbrella insurance. Who needs umbrella insurance? You might benefit from umbrella insurance if you have a high net worth or if you have high-risk factors of liability.

What does umbrella insurance cover?

Umbrella insurance covers things that you are found liable for. This includes bodily injury of another person, property damage, and legal costs.

Contact Us Today

If you are in the market for umbrella insurance, contact us at All Around Insurance Agency in Katy, TX.