Do You Need Umbrella Insurance?

Umbrella insurance is a policy which you might believe you do not need, but with some facts, you may change your mind.

Umbrella insurance is often seen as something insurance companies want to sell you to get rich. But in actual truth, we are only looking out for your best interest. We know that in America, people love to file lawsuits as often as they draw a breath. If you get into an accident with this kind of person, are you certain you have the right policy? What is umbrella insurance? Umbrella insurance is a kind of liability policy that does not stand alone, but rather supplements your existing home and auto insurance policies. The umbrella policy covers many gaps that are left by the two aforementioned policies–hence the name “umbrella.” What does it cover? Umbrella insurance provides supplemental coverage to your existing liability policies. That way, if the payment amount you are given surpasses these, your umbrella insurance policy kicks in. It can also cover things such as false arrest, slander, libel, and other legal fees. Does it cover dog bites? Umbrella insurance does cover dog bites under the majority of circumstances. If your dog bites your neighbor or other guest, your liability coverage can offer financial protection from the medical bills. Is flood damage covered under it? No. Generally, umbrella insurance policies are void when it comes to flood damage. Homeowners insurance also does not cover floods. If you want to be covered from flood damage, you need a quality flood insurance policy. An umbrella insurance policy can cover you for many things, but not all of them. The proper insurance policy with Reata Insurance Group can help you get the coverage you need. Contact us for the best rates and for all of your home and auto insurance needs.