G and H Financial Services Home Page
postheader postheader postheader postheader postheader postheader

Home UmbrellaInsurance policies for your home and car go a long way toward protecting you from financial risk. However, many people don't think about what would happen if the policy limits were exceeded because of a lawsuit. In addition, they often rule out umbrella insurance because of some very common misconceptions. Three of these misconceptions about umbrella insurance are discussed below.

1. I Get Enough Coverage from My Current Insurance Policies


Lawsuits over personal injury suffered on one's property or as the result of a car accident are a common occurrence today. The amount of damages awarded in these cases may exceed the limits of the typical auto or home insurance policy. Severe injuries require expensive medical attention. Lawsuits also include other damages such as loss of wages and pain and suffering. Depending on the severity of the injury and the skill of the lawyer, the awarded damages can exceed the limits of your insurance policy.

2. Only the Wealthy Have to Worry About Getting Sued


Anyone can get sued. Driving a car is full of risk because you can get into an accident with anyone. The possibility of getting sued after a car accident doesn't necessarily depend on how much you were at fault. The decision to sue is based on a lawyer's assessment on whether he can win the case. Accidental injuries can also happen when others outside your household enter your property. Accidents are a fact of life and whether they result in a lawsuit or not depends on the severity of the injury.

3. Umbrella Insurance Premiums are Expensive


Umbrella insurance gives you exceptional coverage for the premiums you pay. A premium of a few hundred dollars per year can get you a million dollars of coverage. Remember that umbrella insurance is an "add-on" form of insurance. You must have an auto or home insurance policy in place before you can get umbrella insurance.

The policy limits of either your auto or home insurance serve as the deductible for your umbrella insurance. Therefore it pays the difference after the limits of your other insurance policies are exceeded. Umbrella insurance coverage includes property damage, personal injury and other forms of personal liability claims.

Protect your family and assets with umbrella insurance. Compared to the security you get, the cost is small. Talk to your independent insurance agent about how much coverage is right for you.

Prepare for the unexpected. Call G & H Financial Insurance Services at (281) 395-5497 for more information on Katy umbrella insurance.
Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version




HOME PAGE ABOUT US GET A QUOTE PERSONAL BUSINESS CARRIERS REFER A FRIEND CONTACT US

5503 4th St | Katy, TX 77493 | 281.395.5497 | 
Contact Us
Serving HoustonKatyThe Woodlands and surrounding areas in Texas.

Logo
Powered by Insurance Website Builder
Facebook Twitter LinkedIn Blog Yelp Google+