When does an umbrella policy kick in?

An umbrella policy is a type of insurance coverage designed to provide additional protection against liability above and beyond what is covered by your primary policies. It kicks in after the limits of your primary policies have been exhausted and provide additional financial security for you if you’re involved in an accident or lawsuit where the damages exceed the limits of your existing coverage.

At Slaughter Insurance Agency, we specialize in umbrella policies for people and businesses in the Quinlan, TX area. 

When does an umbrella policy kick in?

For example, if you are involved in a car crash, and the damages are greater than the amount covered by your auto insurance policy, an umbrella policy will kick in to provide extra coverage. Similarly, if you are found liable for someone else’s injuries and medical costs, an umbrella policy may cover those expenses too.

Umbrella policies are especially important for those who own a business, as they can protect against huge liabilities that might otherwise bankrupt them. In addition to liability protection, some umbrella policies may also include supplemental benefits such as personal injury protection or uninsured/underinsured motorist coverage. 

Umbrella policies can be invaluable when it comes to protecting yourself and your assets from potential losses resulting from accidents, legal judgments, and other unpredictable incidents that occur with no warning. If you want to make sure that you’re getting all the coverage you need for maximum peace of mind, consider investing in an umbrella policy today!

Contact Us Today

If you would like more information about an umbrella policy or have questions about your coverage, give us a call at the Slaughter Insurance Agency today. We proudly serve the Quinlan, TX area.