Think of umbrella insurance as its name suggests—an umbrella that provides extra protection from numerous risks. In situations where you face liability claims or a lawsuit, umbrella insurance becomes a critical tool to safeguard you from claims that exceed the limits of your other policies.
At EasTex Insurance, we offer a range of options for umbrella insurance in Tyler, TX. We encourage you to meet with us to discuss the specific policy options that meet your needs.
Ways Umbrella Insurance Helps During a Lawsuit
If you are facing a lawsuit for a covered peril—meaning the policy covers the incident or claim—umbrella insurance can help in several ways:
1. Additional Liability Coverage: Umbrella insurance extends the amount of coverage you have available to meet settlement requirements. This coverage goes above and beyond the limits of your existing policies.
2. Legal Fees and Defense Costs: Umbrella insurance covers your legal fees and defense costs associated with liability claims made against you. This means you won’t have to pay for an attorney out of pocket, as the policy covers costs up to the specified coverage limits.
3. Coverage for Unique Claims: Some umbrella policies cover claims that other insurance policies do not. For example, if your homeowner’s insurance doesn’t cover slander or libel, but your umbrella insurance does, this policy becomes essential in protecting your financial future.
Understanding the details of every insurance policy is important, as there are differences and limits applicable to certain claims.
Let Us Help You Find the Right Policy
At EasTex Insurance, we help our clients find the right type and level of umbrella insurance in Tyler, TX, to meet their needs. Set up a consultation or request a quote for coverage that protects you in the event of a lawsuit.
