Umbrella Insurance
At Gant Insurance, we believe protection is important. If you are concerned about making sure that you are completely covered, then you may need an Umbrella Insurance Policy. The Umbrella Insurance Policy is designed to provided an additional level protection against catastrophic financial events like the following:
- If your neighbor falls and successfully sues you, but the judgement exceeds your homeowners insurance limits of $300,000.
- You have a major at fault car and cause damage in excess of your $500,000 car insurance coverage limits.
- Your dog bites and injures someone.
Other than the scenarios listed above, there are a number of additional reasons to purchase an umbrella insurance policy. Simply put, when your underlying (or primary) insurance coverage runs out, your umbrella insurance policy will kick in regardless of whether its for your homeowners insurance, car insurance, boat insurance or even rental property insurance.
How Much Umbrella Insurance Coverage Do You Need?
It’s easy to determine how much Umbrella Insurance coverage you need. Generally, coverage limits range from $1 million to $10 million. Here are a few steps to help you decide how much umbrella insurance you may need:
Step 1: Add your assets (including the worth of your home, cash, stocks, bonds, investment funds and other retirement savings, and other assets)
Step 2: See how much liability coverage you have on your homeowners insurance, auto insurance, boat insurance and other insurance policies.
Step 3: Determine if your current liability policies cover your assets.
If you don’t have enough liability to exceed the value and cost of the things you own, then you owe it to your
Talk to a Qualified Umbrella Insurance Professional
A Gant Umbrella Insurance specialist is just around the corner. If you have questions, contact us at 972-529-9300 and we can guide you through the process of choosing the right company and level of protection for your umbrella insurance needs. We can also help you with the following:
The Gant Insurance Agency, Inc is a family owned Texas Insurance agency located in the heart of McKinney, Texas. Since 1987, the Gant family has provided affordable insurance products to North Texas. The Gant Insurance Agency now has approximately 50 agent and agency locations across the State of Texas providing affordable auto, and home insurance along with other personal and business insurance products to communities across the state of Texas.