You may have heard the term “umbrella insurance” before but may not be fully aware of how it protects you. The team at Noveri Insurance Agency, serving Houston, TX residents, will help you understand how this type of coverage works to protect you and your assets.
Most people have some sort of insurance policy such as home, auto, or commercial insurance that provides coverage up to a certain dollar amount. Umbrella insurance provides additional liability coverage above these policies. For instance, if someone is injured on your property or you are liable for property damage, you may be sued. Your other policies will provide funds initially, but when those funds have been exhausted, the umbrella insurance will provide the additional coverage that you need.
Let’s say that you are in a car accident where someone is injured. Unfortunately, you are deemed liable for causing the accident. The injured individual can sue you for causing the accident and seek to recoup medical expenses. Your automobile insurance will provide a certain amount to cover bodily injury liability. If the medical expenses are greater than the amount covered by that policy, your umbrella insurance policy may provide the additional costs. Umbrella insurance can also cover a number of situations not covered by other policies. If you are sued for slander, libel, or mental anguish, an umbrella policy may be able to protect you and your assets.
The Noveri Insurance Agency professionals serving Houston, TX are ready to discuss your needs today. Visit our website to learn more. Then stop by and talk with our knowledgeable team. Protect yourself, your family, and your assets today!