Storms and floods aren’t the only risks Houston homeowners face. Your standard insurance might be insufficient when someone files a big lawsuit against you. Many Houston residents now look beyond basic coverage to protect their homes, savings and future income.
What is umbrella insurance?
Think of umbrella insurance as an extra shield that starts working when your regular home and auto insurance hit their limits. It adds $1 million to $5 million more protection to your current policies. This matters in Texas, where lawsuit payments can run high. Most Houston homeowners can get $1 million in umbrella coverage for about $200-400 annually.
Why Houston residents need extra protection
Houston’s lifestyle brings special insurance needs. Here are key factors that make umbrella insurance vital:
- Home values in Houston keep rising
- Many homes have pools
- Houston’s roads see lots of accidents
- Frequent home parties increase risks
- Storm damage can lead to lawsuits
Before you buy umbrella insurance, check these items:
- Your current insurance limits
- Your total assets
- Any home business activities
- Your regular activities and hobbies
- Local laws about liability
Umbrella insurance works best when it matches your exact needs. While the basics stay the same, each Houston resident faces different risks—laws about liability change often in Texas. An insurance expert can spot gaps in your coverage you might miss.
The right umbrella policy means knowing Texas insurance rules and your risks. Talk to an insurance lawyer who knows Houston’s unique needs. They can help you pick coverage that protects everything you’ve worked for. Look for someone who stays current with Texas insurance laws and can explain your options clearly.