Personal Umbrella Insurance in Dallas, TX
An umbrella insurance policy can raise an individual’s liability coverage limits. Additionally, umbrella policies may cover some claims that an underlying policy excludes entirely, not just claims that exceed its limits. At Auto Pilot Insurance, our team helps clients in Dallas, TX understand how umbrella coverage applies to potential liability claims.
What Does Personal Umbrella Insurance Cover?
Umbrella coverage applies when a liability judgment or settlement exceeds your existing policy limits. Consider a multicar accident where injuries to other drivers and passengers generate medical bills and legal fees that outpace your auto liability coverage. Or picture a guest who slips and is seriously injured on your property, leading to a lawsuit that your homeowners policy can’t fully satisfy. Common coverage areas include:
- Bodily injury liability—May help cover injuries arising from accidents on your property or that were your responsibility
- Property damage liability—May help cover damage you cause to others, such as in a car accident
- Legal defense costs—May help cover attorney fees and other costs associated with covered claims
- Personal injury liability—May help cover claims such as defamation or invasion of privacy
How Much Personal Umbrella Insurance Should I Have?
The right coverage amount depends on your assets, income and overall exposure to liability risk. A general starting point is to carry enough umbrella coverage to cover your net worth. Those who own rental properties, coach youth sports or frequently host gatherings may face higher liability exposure and may benefit from higher limits.
Get the Coverage Your Assets Deserve
Liability exposure grows alongside your assets and your activities, and a single serious claim can outpace limits that once felt like plenty. Contact Auto Pilot Insurance to review your current coverage and explore umbrella options that fit your situation.