Coppell, TX is a great place to live and buy a home. According to Niche, it is the best place to live in the Dallas Fort Worth Area. 73% of the residents own their own homes. Umbrella insurance is excess liability insurance that can be added to a policy that you already have like a home or auto policy. The Select Insurance Agency has been serving the DFW Metroplex for 15 years and as an Independent Insurance Agency, we are able to offer you products from a variety of carriers.
The answer to the question is umbrella insurance just for the wealthy is no, you do not have to be wealthy in order to benefit from umbrella insurance. When you have home or auto insurance you have set liability coverage. If you have assets, this coverage may not be nearly enough to protect you. If you haven’t reviewed your coverage in a while or had your insurance agent review your coverage you could end up with a very sad wake-up call in the event that you have an accident or someone is injured on your property.
What umbrella insurance does is to add a layer of liability protection above and beyond the limits on your original policy. In most cases, an umbrella policy will add between one and five million additional dollars of liability protection. With the cost of legal litigation and the size of judgments, if you have only basic coverage, you could end up losing all the assets you have worked so hard to accumulate.
Coppell, TX is a great place to live but even in great places, bad things can happen. At The Select Insurance Agency, we would love to sit down with you and discuss how right an umbrella policy could be for you even if you are not wealthy. GIve us a call or stop by and let us quote this important coverage for you.