You are here

Written by Adam Miller
Categories:
Personal Umbrella protection from InsurTexas can help policyowners get an extra level of coverage from major accidents and asset protection in the event of a legal judgment.

In the last few decades, there has been a staggering increase in safety improvements, resulting in safer homes, vehicles, baby gear, product packaging, food production, construction, toys, tools, and more. Although we live in a much more safety-conscious world, the reality is that accidents still happen at home and on the road. Accidents that occur in our lifetime are often minor ones, but there is always the possibility of a major accident that can cause devastation physically, emotionally and financially. Even though major accidents cannot always be avoided, consumers have the ability to significantly minimize the impact of a major disaster through the protection of Personal Umbrella Insurance.

Personal Umbrella insurance is an extra form of liability protection that protects your assets in the event of a major car accident or an accident that occurs on your property. Basic homeowners insurance offers protection and liability coverage for most kinds of accidents or disasters on your property, but if a major accident occurs on personal property, homeowners could be held liable for an amount that far exceeds the homeowners insurance policy coverage. For example, if a neighbor critically injures himself on your property and successfully sues for damages, your homeowners' insurance liability might only be able to cover a small portion of the total damages awarded. In the meantime, your home, vehicle and other assets might have to be liquidated to cover the remainder of the judgment. Personal Umbrella insurance can help protect homeowners by providing additional liability coverage in the event of a large judgment against the individual or their estate due to accidents on the property.

Additionally, Personal Umbrella insurance can help protect drivers on the road involved in major accidents. If a driver is responsible for a multi-car accident on the highway, then the driver could face substantial liability claims from victims or their survivors. A large judgment might be awarded to victims to help cover medical costs, funeral expenses and other damages, and the amount owed could far surpass automobile insurance liability limits. Rather than lose homes, vehicles, and other assets to cover the judgment, drivers can protect themselves and their assets with Personal Umbrella coverage.

Additionally, there may be other kinds of events or damages that are not covered by traditional homeowners or auto insurance policies that Personal Umbrella coverage can cover. Personal Umbrella insurance shields policyholders by helping to cover large damages and liabilities that threaten to liquidate assets or devastate an individual's financial future. Also, Personal Umbrella liability limits are outside of any legal expenses, meaning the individual gets insurance protection for both any actual judgment as well as all legal expenses. Many times people are responsible for paying a large judgment with only basic insurance (such as auto insurance) only to learn later that all legal expenses were paid first from the insurance policy, leaving the policy holder with little to no insurance benefit and a larger portion of the judgment to pay out of pocket.

Aegis, a Houston-based insurance agency, can help clients get an additional form of liability protection through Personal Umbrella coverage. The friendly and knowledgeable agents at Aegis can create customized insurance solutions that offer protection from any kind of disaster, giving clients peace of mind and financial security for the future. Aegis can also offer customers huge discounts on annual premiums by bundling insurance policies together into one policy, such as Homeowners, Auto, Life Insurance, and Personal Umbrella coverage. Contact Aegis for more information at 713-850-7622 or go online to request a free quote today.

Call Us TODAY!
713-850-7622

Get a Free & No Obligation Quote Today


 

CAPTCHA
This helps prevent automated spam submissions.