Texas Personal Umbrella Insurance is one of the best-kept secrets in the insurance business. Umbrella Insurance is an inexpensive relative for the liability coverage that you receive. This coverage is used to protect you when that one big insurance claim happens. It kicks in when your underlying home or auto insurance policy limits have been exhausted. Anyone can purchase personal umbrella insurance to cover them in case other liability insurance falls short or does not apply. It provides benefits when the underlying liability policy has reached its limits, and the claims are higher than the underlying limits. It is designed to prevent catastrophic loss.
Personal Umbrella Insurance is personal insurance that covers liability after other applicable when primary policy limits have been exhausted. Umbrella policies may also provide added coverage for the legal defense of some lawsuits and claims that other policies would deny. Because it provides expanded coverage, umbrella insurance should provide coverage for some claims that other underlying liability insurance covers in addition to other policies. Umbrella policies do have exclusions; if necessary, you may be able to cover with a rider.