Umbrella Insurance

Scenario: Your teenage son is driving your daughter and her friend to the movies. He loses control of the vehicle and hits a telephone pole. Your daughter’s friend is permanently injured. 

Outcome with Umbrella insurance:

  • Insurance claim is settled for $1,000,000
  • Liability limit of your auto policy is below settled amount
  • Your personal umbrella policy covers the remaining amount

Outcome without Umbrella insurance:

  • Insurance claim is settled for $1,000,000
  • Liability limit of your auto policy is below settled amount
  • You have to pay the remaining amount – out of pocket

The good news is that umbrella insurance is very affordable, generally $150 to $300 annually for a $1 million policy. To discuss umbrella insurance or to get an umbrella policy quote, talk to your Texell Financial Insurance Agent today. Call 254.774.5181 or toll-free 855.759.2541.