If you run a business or have considerable assets to protect, you may have been encouraged to consider umbrella insurance as a way to secure yourself, your family, and your company financially. However, many people are uncertain of what it is, how it works, and why they might want it. To clear up the subject for you, Comaltex Insurance Agency, a trusted seller of business, life, auto, and home insurance in New Braunfels, TX, explains what it is and if it's right for you.

What Is Umbrella Insurance?

An umbrella policy offers supplemental liability insurance, which works in tandem with your homeowners, auto, boat, or business insurance coverage to protect you better. It typically extends the limits of the liability coverage you get through your existing policies, often to $1 million or more. It also fills in gaps that your existing policies exclude or do not cover. For instance, depending on the insurer, it may cover the legal costs to defend you against a lawsuit for libel, slander, malicious prosecution, or shock and anguish, items typically not covered by other types of liability coverage.

Is Umbrella Insurance Right for You?

If you have considerable assets to protect, such as savings, investments, or real estate, it's a good idea to purchase umbrella insurance to guard against having your assets stripped from you after a single, unfortunate event. If you have a pool, there’s an increased risk of liability if someone drowns or gets injured, so an umbrella policy is a good idea. The same is true if you have a large or aggressive dog breed. Even if your dog is normally gentle as a lamb, you never know what could happen, and it's wise to be prepared. Do you enjoy hunting, trap shooting, or participating in another pastime with an element of risk? Protect yourself and your family with a comprehensive umbrella policy.

To request a quote for umbrella insurance, contact the agents at Comaltex Insurance Agency in New Braunfels, TX. They are locally owned and operated and have served customers throughout the Greater San Antonio region for nearly 70 years. They offer quality insurance products and exceptional customer service and will find you the most affordable policy possible. Visit the website to view a map and hours of operation, or call (830) 625-7511 to speak with a friendly, knowledgeable insurance agent.