3 People Who Need Umbrella Insurance the Most

You work hard to ensure your family and financial well-being are protected. Part of that protection is having the right level of insurance to suit your needs. But how much is really enough? At Don Atwell & Associates in Desoto, TX, we offer quality umbrella insurance policies to help extend your liability coverage. If you’re ever involved in a big accident, or someone makes a claim against you, you can ensure you’re protected. 

However, there are a few people who need this type of policy more urgently. Here are three people who need umbrella insurance the most.

1. Business Owners in Texas

Owning a small business in Texas is certainly rewarding, but it also comes with many risks. If you or your employees cause major property damage or someone is injured due to negligence, there’s a chance you might get sued. Although you likely have commercial insurance to take the brunt of that, there is a chance that your personal assets might get dragged into the equation in court. In this case, having umbrella insurance would help ensure that you’re totally and adequately protected.

2. Seniors and Retirees

Another group of individuals that strongly needs to consider umbrella insurance is seniors and retirees. You’ve worked hard to build up your retirement savings and estate. What would happen if you were involved in a serious accident that was deemed your fault and your auto insurance wasn’t enough? An umbrella policy could protect you even further.

3. Parents of Teenage Drivers

Finally, one group that usually doesn’t know they need an umbrella policy is parents of teenage drivers. While you’ve likely taken precautions to ensure your child is safe out on the road, inexperience and distractions can often have serious consequences. An umbrella policy would ensure your financial assets are protected if your child is in an accident that injures other people.

Are you ready to learn more about umbrella insurance and how it can protect your family in Waxahachie or Desoto, TX? Please give our team at Don Atwell & Associates a call today to schedule an appointment.