Were you looking for Houston TX umbrella policy? Well, then, you’ve come to the right place. Here, at Texas Insurance Agency, we help a lot with insurance. That would be recognizing your needs. We make sure to tailor your plans for you. You can also expect great rates and the right quotes. Whatever your situation, we can help you. The firm has two locations—one in Katy and one in Pearland.
Houston TX umbrella policy
There are a some things to consider in your policy. We take a look at your personal finances or company. From there, we look at what other companies offer. Different insurance companies vary in their prices. You can expect us to be forthcoming with your rates and fees. We know it’ll cost some money, but you can save with us. Our company works with different auto providers. Aside from that, we work with many other insurance firms. If need be, we can work with independent agents as well. Through our partnerships, we make sure we work for you: the client. It won’t be the other way around.
An umbrella policy is an insurance plan that helps when things get tough. That will be if any of your other insurance runs out. Therefore, your Houston TX umbrella policy extends from your additional insurance. You can consider an umbrella policy as excess liability insurance. That just means it covers past any limits on your other coverage. An umbrella policy could be good for anyone. It helps with personal finance and businesses.
To get an umbrella policy, you have to have other insurance. It could be anything from auto, home, or waterfront insurance. But you must have those to get the policy. Once you get those, the coverage can kick in. It kicks in when the dollar amount goes down. Henceforth, that just means when the money runs out.
An umbrella policy works for someone with a lot of money. If your income is above six figures or a million, you’ll need this policy. At least that’s what insurance agents recommend. People with more income have more risks. This could be personal lawsuits or their business. You will have more risk if you do dangerous things. The same goes for contractors. It also applies if you have considerable assets. Or a lot of assets, for that matter.
Personal umbrella policy
For personal use, you can get additional coverage. This coverage helps with your home and auto insurance. It can also help with waterfront or boat insurance too. However, not everyone has enough assets to have this policy. Farmers Insurance and others suggest people with over $1 million have this policy. In addition, a lot of claims come from auto accidents. You may get the extra liability protection for that. Personal umbrella insurance is a good idea if you have risks.
Any risk could come from a lot of things. You could be a board member or sports coach. In fact, any type of sports can be dangerous for you. If you’re an athlete or sports professional, you may need this policy. Other than that, if you’re wealthy, you could use the extra coverage. This could help any celebrity or public figure. Those are the people who face potential lawsuits. They would be the targets for most lawsuits.
Business umbrella policy
A business or commercial umbrella policy helps too. If you’re a big company, you need the protection. Just get an umbrella insurance quote to start. Henceforth, risk comes into play with the type of work you do. You can expect lawsuits if things get out of hand. Some companies have liability insurance, though. That could be from general to professional liability. The umbrella policy would help in that situation. For example, if your delivery drivers at your company, this policy helps. There’s more risk there than people in the work office.
It’s also the same for construction companies. You can expect accidents to happen due to work. The umbrella policy offers that protection. If you work on another’s property, you need this policy. The policy sits on top of your other insurance plans. That’d be your commercial auto or other insurance plans. Henceforth, that would be employment practices and workmen’s comp. This policy also helps if you have commercial property. That will be if the property is open to the public. You will also need this if you work on someone’s property.
The benefits are a lot. Your Houston TX umbrella policy helps with a lot of claims. Those claims could be injury or property damage. A lot of these claims cost a lot of money. Furthermore, it can be from legal defense to medical expenses. This policy can help even when your term life insurance runs out. You can expect help when it comes to your employees. When workmen’s comp runs out, this policy can help. It also helps with employment practices and fiduciary coverage.
This type of policy also helps with libel or reputation damage. There’s also protection for product liability or customer injury. It can also help with your vehicles. This could be with any commercial vehicles you use for work. This helps when you don’t own those vehicles. Overall, this policy extends from your other coverage. It goes on the follow form basis. That just means it’ll pick up anything not under the protection.
When it comes to the cost, it depends on your policy. Also, again, risk plays a role. Healthcare and construction get high premiums. If you need more than $1 million in coverage, you can expect to pay more. The size of your business and risk plays a role. In certain cases, it can depend on your claim history as well.
Texas Insurance Agency is here for you!
Be sure to visit one of our locations for our expert help. Any of our members can help. From Jeffrey to Kristy, you can expect the best. As independent agents, this firm can help your Houston TX umbrella policy! Call now!
Fun Facts about Houston, TX
- The word “Houston” was first said on the Moon.
- Houston is home to NASA Mission Control.
- The city is bigger than the state of Maryland.
- Over 2 million people live in Houston.
- If you want to know more about Houston, visit the website.