What Does Umbrella Insurance Cover?

Life is unpredictable, and if you have a lot of at-risk assets or you regularly take on high-liability activities, it is advisable to consider purchasing a personal umbrella policy. In other words, people with significantly valuable assets are prime targets of lawsuits, and having umbrella insurance is a great way of protecting yourself financially. The Select Insurance Agency in Coppell, TX can help you protect your assets in different scenarios through umbrella insurance coverage.

What does umbrella insurance cover?

It is vital to remember that umbrella insurance policy only offers you secondary coverage. Meaning that you need to have a primary insurance policy and exhaust its limits before the umbrella insurance coverage kicks in for additional protection. For example, if a guest gets injured on your property during an open house party and he or she successfully manages to sue you for $800,000 in damages but your homeowners insurance liability coverage limit is $300,000, the $300,000 has to be paid out first before the umbrella insurance pays the remaining $500,000. Without the umbrella insurance, you will have to pay the $500,000 out-of-pocket.

The work of umbrella insurance is to provide you with additional protection by protecting you from liability in the event that you cause injuries to other people or damage to their properties. Personal Umbrella Policy (PUP) is a form of liability that is not only cheap but also allows for increments of $1 million. Umbrella insurance from the Select Insurance Agency in Coppell TX can protect you in the following scenarios:

  • If you are involved in a car accident and you are determined to be at least at fault
  • When someone falls or gets injured while on your property
  • Your dog bites a neighbor
  • Flooding in your bathroom causes water damage to your neighbor downstairs
  • If you are found guilty in a defamation case

If you have worked so hard in your life to buy assets, you need to be wise in protecting your hard-earned wealth by purchasing a PUP. Contact us at The Select Agency in Coppell, TX, and our friendly staff will guide in buying the right coverage suitable for your specific needs.


What Does Property Insurance Cover?

Buying a home in the Coppell, TX area is a big investment. When you are looking for a new home, getting property insurance is very important. Property insurance can protect you and your home several different ways.

Structure of Property

The most important type of coverage you will receive when you get property insurance is insurance for the structure of your home. When you have a property insurance policy in place, it will cover your home in the event of a fire, natural disaster, or other casualties. This could be very beneficial if something very damaging happens to your home.

Personal Belongings

If your home is damaged, there is also a chance that everything that you own underneath the roof is also at risk. When you have a property insurance policy in place, you will receive coverage for these items. You generally will have a policy that will declare how much coverage you will receive for your personal belongings. This generally does not include coverage for more expensive valuable items, such as jewelry or art.


If you have a lot of personal items that are also expensive and valuable, you also should consider getting additional property insurance riders added to your policy. A property insurance rider will provide you with coverage up to the appraised amount of individual items. This is ideal if you have a variety of different types of collectibles.

For those that own a home in the Coppell, TX area, going to The Select Insurance Agency for a property insurance consultation could be a great option. When you go to The Select Insurance Agency, you will receive more insight into what type of coverage you should get. The company will also help to ensure you get all the coverage that you need.