Maximizing your protection with the right insurance policies can make a world of difference, especially when faced with potential residential or commercial lawsuits. Whether you’re a homeowner, driver, or business owner in Quinlan, TX, understanding how umbrella insurance can benefit you is crucial to optimizing your protection year-round. At Slaughter Insurance Agency, we’ll work with you to find an umbrella insurance policy that not only safeguards your assets but also provides you with the protection you deserve.
Umbrella Insurance Extends Your Liability Protection
Umbrella insurance provides an additional layer of protection when primary policy limits have been reached or exceeded. An umbrella insurance policy sits above renters, homeowners, business and even auto insurance policies to offer extra liability protection from $1 million to $5 million. Once your primary policy reaches its payout limit, your umbrella insurance policy steps in to cover the remaining costs, which is especially important if you’re in the midst of a lawsuit with another individual or business.
Helping with Legal Defense Costs
One of the most appealing aspects of an umbrella insurance policy is its ability to help pay legal costs. This is especially important given the rising costs of legal fees and jury settlements. Broader protection is one of the main reasons individuals turn to umbrella insurance. This policy can also extend liability coverage for personal injury claims, defamation, libel, and slander cases beyond what’s covered by your auto, renters, homeowners or business insurance policies.
Working with the right agency is a way to determine if an umbrella insurance policy is right for you. If you’re a homeowner, driver, or business owner in Quinlan, TX, working with Slaughter Insurance Agency can help cover your liability risk exposure. Contact us to learn more about your options and how much coverage you’ll need when selecting an umbrella insurance policy.
