Standard insurance policies have limits, but liability risks can go beyond those limits. Umbrella insurance provides additional coverage to protect your assets from large claims or lawsuits. Optima Financial Group offers umbrella insurance to individuals and businesses in Plano, TX, and across Texas, Arkansas, Colorado, Florida, and Oklahoma. This policy is designed to provide you with security in unexpected situations.
Umbrella insurance extends the liability coverage of your existing policies, such as auto, home, or commercial insurance. It covers costs related to bodily injury, property damage, and legal fees. For example, if you’re involved in a car accident and the damages exceed your auto insurance limits, umbrella insurance can cover the remaining expenses. It also provides protection for lawsuits involving libel, slander, or defamation.
Umbrella insurance does not cover your own property or injuries to yourself. It also excludes coverage for intentional acts, criminal activities, or liabilities related to contracts. Business-related liabilities are not covered unless you purchase a commercial umbrella policy. Optima Financial Group can help you understand these exclusions and recommend additional policies to address specific risks.
Protect your assets with umbrella insurance from Optima Financial Group. Visit our contact us page to learn more or request a quote. Let us help you safeguard your financial future.
