Click to Call
Texas Classic Insurance

4400 E Hwy #377
Granbury, TX 76049

Get Directions
Texas Classic Insurance Blog

Get Quotes Below!

Do I Really Need Umbrella Insurance?

Life is full of uncertainties, and you never know what can happen that leaves you liable for paying medical expenses for another person. Most insurance policies provide liability insurance; however, these policies have caps on how much they payout. Purchasing an umbrella insurance policy as an add-on to your existing insurance coverage can help pay for the expenses basic insurance policies do not provide. 

Those in Granbury, TX should take a moment to speak to their insurance agent or call a specialist at Texas Classic Insurance to learn more about umbrella insurance options. 

Financial Situation

Your decision to purchase umbrella insurance should be based on your financial situation. For example, if you are in an accident where you are found liable for the other driver’s injuries, and the court deems you must pay $500,000 in damages. However, your primary auto insurance policy only covers $300,000, leaving you with $200,000 to pay for out of pocket. Would you be able to pay for that? Unfortunately, most people cannot pay that without causing financial hardship. In this situation, an umbrella insurance policy will pay the $200,000 and any legal fees not covered by your primary insurance policy. 

Personal Assets

If you have a significant amount of personal assets which may be at risk if you are sued, you may want to consider purchasing an umbrella insurance policy. This policy will pay out money for damages instead of the courts seizing your assets. 


If you are found liable to pay for damage and injuries, and you cannot pay, the court may order to have a portion of your paycheck garnished until the amount is paid. 


Some people are at a higher risk of being sued, including business owners. If there is a high chance of being sued, you may want to protect yourself with an umbrella insurance policy. 

The experts at Texas Classic Insurance are ready to help you understand the benefits of an umbrella insurance policy. Residents of Granbury, TX should call today to speak with an agent. 

Connect With Us

for all your insurance needs!


Partner Carriers

  • Allstate
  • ASI
  • BuildersRisk
  • Dairyland
  • Foremost
  • Germania
  • Hagerty
  • Hippo
  • Homeowners of America
  • Kemper
  • MetLife
  • Mercury
  • Mission Select
  • National General
  • Nationwide
  • Neptune Flood

Servicing these States

  • Texas

Latest News