Umbrella insurance from Ellis Insurance Agency is a type of extra liability coverage that can provide additional protection when your existing auto or home insurance policies here in the San Antonio, TX area don’t cover the full extent of a liability claim.
When does umbrella insurance kick in?
It can kick in when the amount you are liable for exceeds the limits of your existing insurance policies, protecting you from potential financial ruin.
It’s important to remember that umbrella insurance does not replace any other policies you may have. It’s designed to supplement and extend the limits of your existing auto, home, and other liability policies, helping you protect yourself from claims that exceed those limits.
When it comes to knowing when umbrella insurance kicks in, there isn’t a single answer since it depends on various factors such as the policy limits of your existing coverage and claims made against you. Generally speaking, if there is a claim made against you resulting in damages greater than what your existing policies cover, umbrella insurance will cover any remaining costs up to its limit.
Umbrella insurance can be an essential layer of additional protection for those who need more coverage than their existing policy provides. However, it’s important to speak with an experienced and licensed insurance agent who can help you determine what type and how much umbrella coverage is right for you.
Reach Out To Us
For more information or to find a policy that is right for you, give us at Ellis Insurance Agency a call today. We are proud to serve the San Antonio, TX area and would be happy to help you find a policy that meets both your needs and your budget. So call us today!
Umbrella insurance is something that is a mystery to most people. What it is and why they need it is something they know nothing about. At the Ellis Insurance Agency in San Antonio, TX, our knowledgeable team will be happy to answer any questions you may have. As independent agents, we represent a selection of the top carriers in the business.
What is umbrella insurance?
Umbrella insurance is what is known as excess liability coverage. It is a supplemental policy to a policy that you already have with liability coverage. That includes policies like home, auto, condo, motorcycle, RV, renters, and commercial insurance. What it does is add an additional layer of liability protection to what your primary policy has. When needed, the primary policy will pay up to its limit and then the umbrella insurance will kick in.
Who can benefit from umbrella insurance?
Anyone who has assets can benefit from this important coverage. It doesn’t matter if you own a mansion or a double-wide, you have worked hard to get where you are, and in the event you ever get sued, you want to protect your assets and your future earnings from a judgment against you. These days, the size of judgments can be quite astronomical and if you are not adequately covered, it could mean that your future earnings could be attached and nobody wants that.
How much umbrella insurance is enough?
Only you can determine that, but consider what liability you have on your primary policy and how much a judgment could be, you need to at least have enough to cover the difference between the two. Most umbrella policies start at about a million dollars of coverage.
Get Umbrella Insurance Today
Contact Ellis Insurance Agency in San Antonio, TX to discuss how you can benefit from umbrella insurance.
Ellis Insurance Agency serves the San Antonio, TX community. For over 30 years, we have strived to help our clients protect what matters most. Every person has unique risks and potential exposures that they have to deal with. We want to simplify the process of searching for coverage.
Why Umbrella Insurance Is An Asset
Sometimes life throws an unexpected curve ball your way. While dealing with emergency situations are always uncomfortable, having protection in place can help things go a little smoother. Umbrella insurance is a safety net that you can lean on during tough times. Umbrella insurance is a supplemental policy that you can add to your home and auto liability coverage. This protects you from a potential lawsuit if you cause damages to someone’s property, or you are responsible for someone suffering a serious injury.
If you have a child who is learning how to drive, umbrella insurance is a potential safety net. Research shows that high rates of teen drivers are involved in auto accidents. If your teen driver causes substantial property damage, umbrella insurance will protect you. Perhaps you have a pool or trampoline at your San Antonio, TX home. While these are fun accessories, they are also very dangerous. One mistake could lead to someone suffering a serious injury. If you are held liable involving a pool or trampoline accident, umbrella insurance helps protect you. Maybe you enjoy hosting parties at your residence. If you are serving alcohol at the party, you may be held liable if someone damages property or gets into a fight, causing a bodily injury. If the allegations are serious, umbrella insurance can protect you.
Ellis Insurance Agency Will Help You Protect Your Assets
Visit our website to learn more information about umbrella insurance.