What Types of Coverage is Included with Umbrella Insurance?

Being properly covered by insurance is very important for all people in the Austin, TX area. One type of insurance coverage that is often overlooked is umbrella insurance. However, several situations will be covered under umbrella insurance that can make it a significant investment.

Additional Liability Protection

For those that are in the Austin, TX area, having full home and auto policies is important as these will provide you with liability coverage. However, the amount of coverage that is typically included in many of these policies is somewhat limited and may not cover more severe accidents. Because of this, having an umbrella policy in place could be a perfect option. An umbrella insurance policy will provide you with additional liability insurance protection on top of what is already included in the base home and auto policies. 

Additional Situational Coverage

While the majority of your liability risks will be covered by a home or auto policy, there are other situations in which your liability is not covered under the base policies. For example, if you are sued for slander or libel, you could be found liable in a lawsuit. Unfortunately, this type of risk is not covered under a base home or auto insurance policy. However, if you have an umbrella insurance policy in place, the umbrella coverage will provide coverage for these and other situations in which you are found liable and have to pay damages.

Since picking the right umbrella insurance policy requires a lot of thought and consideration, reaching out to the StraightEdge Insurance Agency could be very beneficial. The StraightEdge Insurance Agency is a leading consumer insurance agency that can provide you with excellent assistance in determining your umbrella insurance needs. Reach out to our agents to learn more.