Homeowners may face liability lawsuits for various reasons. For example, someone could sue you if they slip and fall on an icy sidewalk because you didn’t put down salt to melt the ice. Accidents in your pool or on your trampoline can also lead to lawsuits. Navigating the insurance landscape while dealing with a liability lawsuit can be complex, but Melvin Gessner Insurance Agency is here to help.
Home Insurance First
Typically, home insurance in Willis, TX will be the first line of defense. Home insurance may help cover the cost of legal defense or pay a settlement. Many home insurance policies include additional coverage for liability lawsuits, but they also have coverage limits. Your homeowners’ insurance may not provide sufficient coverage to pay for a settlement or medical bills fully.
Then, Umbrella Insurance Kicks In
Umbrella insurance provides secondary coverage if someone sues you. It can help cover costs that your home insurance doesn’t, such as legal defense fees. If the settlement or medical bills exceed your home insurance policy’s limits, umbrella insurance will step in to cover the remaining costs, ensuring you don’t have to pay out of pocket. Umbrella insurance protects your assets and helps prevent financial ruin in the event of a lawsuit or accident.
Coverage Limits
Both home and umbrella insurance policies have coverage limits that determine the maximum amount they will pay out. Your home insurance will cover costs up to its limit, and umbrella insurance typically covers the remaining expenses, up to its own limit. Many insurance companies can work with you to determine the amount of coverage you need to protect yourself adequately.
We understand that managing multiple insurance policies can be a complex task. Agents at Melvin Gessner Insurance Agency are here to help you navigate your options. Contact us today to learn more! We proudly serve the Willis, TX area.
