Tag: umbrella

Umbrella insurance provides essential liability protection, but choosing between personal and commercial coverage can be confusing. At DGIA, LLC, serving Round Rock, TX, we help clients understand which type of umbrella policy best protects their specific needs and situations.

Personal Umbrella Coverage Basics

Personal umbrella policies protect individuals and families from liability claims that exceed their standard homeowners or auto insurance limits. This coverage applies to incidents like car accidents where you’re at fault, accidents on your property, or even certain legal claims like libel or slander.

Personal umbrella insurance typically covers activities related to your personal life, including recreational activities, volunteer work, and rental properties you own for investment purposes. The coverage follows you wherever you go and protects your personal assets like your home, savings, and future earnings from potential lawsuits.

Commercial Umbrella Protection

Commercial umbrella policies protect businesses from liability exposures that go beyond their general liability, professional liability, or commercial auto insurance limits. These policies cover business-related incidents, employee actions, product liability claims, and other commercial risks that could result in expensive lawsuits.

Business umbrella coverage is essential for protecting company assets, business income, and personal assets of business owners in certain situations. The coverage amounts are typically much higher than personal policies because commercial liability exposures can be significantly greater.

Choosing the Right Protection

Some people need both personal and commercial umbrella coverage if they own businesses while maintaining separate personal assets and activities. The key is matching your coverage to your specific risk exposures and asset protection needs. Contact DGIA, LLC, serving Round Rock, TX, to evaluate your situation and determine which umbrella coverage options provide the most appropriate protection for your circumstances.

Having an umbrella insurance policy provides peace of mind and a sense of financial security when faced with legal woes and lawsuits. With standard insurance policies, there are often liability limitations, which can set you back if you’re not prepared financially. At DGIA, LLC, serving Round Rock, TX, we assist clients with determining if umbrella insurance is the right choice for them.

Why Legal Protection Is Important

Everyday situations can lead to costly lawsuits. Some instances include:

• A serious auto accident where you’re found at fault and medical injuries are present
• Someone slipping and falling on your property
• Property damage caused by a pet or even a child in your home
• Accident harm caused during community activities or volunteering

Umbrella Insurance Covers Legal Fees Beyond Standard Policy Limits

One of the most appealing aspects of umbrella insurance is it can sit atop existing homeowners, vehicle insurance, and other insurance policies you currently have to your name. If you’re sued for bodily injury or property damage, your underlying policy may not be adequate to cover the costs of any injuries sustained or property damage done. Once you’ve reached the limit of a standard policy, umbrella insurance can help with:

• Court costs
• Attorney fees
• Expert witness fees
• Settlement amounts
• Judgments ordered by a court of law

The right policy can be a life-saver when you need it most.

Whether you want to protect more of your home, vehicles, or additional investments you’ve made, you can often do so with the right umbrella insurance policy. At DGIA, LLC, we’ll work with you to help find an umbrella policy that is worth your time and investment. To learn more about your options when selecting an umbrella insurance policy in or near Round Rock, TX, contact us directly today for your consultation.