Top reasons to consider an Umbrella Policy

So many residents in the Beaumont, TX area end up paying large amounts out of pocket for failing to understand the importance of an umbrella insurance policy. The agents at JD Insurance Group have put together some of the top reasons to consider purchasing an umbrella policy. 

You are a homeowner who enjoys entertaining guests. 

If you love to open your home up to friends and family members for parties, it is also important to know you invite an increased risk of potential lawsuits. If a guest is at your home and is injured, there is a chance that they could sue you for damages in amounts above the limit of your homeowners’ policy.

Your home has a pool. 

Similar to entertaining, having a pool at your home leads to a higher liability risk when it comes to lawsuits. A neighbors child could wander into your yard, and if they were to drown, you would likely be sued for liability in amounts way above your primary limit. Even if you do not have a pool, you should consider umbrella coverage if you have other high-risk recreational equipment such as a trampoline. 

You are a dog owner. 

Insurance claims as a result of a dog bite can become a massive liability quickly. Many homeowners’ policies exclude coverage for dog bites. If you have a dog, an umbrella policy will protect you if your dog bites a third party. 

You utilize social media.

Most homeowners’ policies do not cover when someone sues you for libel. If you use social media to review business regularly, you should consider an umbrella policy. If a business sues you, for example, over a bad online review, your umbrella coverage will provide protection. 

If you live in the Beaumont, TX area and would like to learn more about umbrella coverage, reach out to an agent at JD Insurance Group today.