Umbrella Insurance2023-05-03T12:59:16+00:00

Umbrella Insurance

Umbrella Insurance

The chances of losing a lawsuit for a sum exceeding the amount your insurance policy covers are often slim. However, if you ever find yourself in such a situation, you could end up losing most if not all of your savings. Umbrella insurance is a form of personal liability insurance that provides coverage for claims in excess of regular auto, watercraft or homeowners policy coverage.

Umbrella insurance is essentially a relatively low-cost way of getting extra liability coverage. Besides providing extra coverage for regular auto, watercraft or homeowners policies, umbrella insurance also covers additional liability claims, such as false imprisonment, libel and slander. If you own rental properties, our umbrella insurance can provide liability coverage beyond what any renter’s policy covers.

Why You Need Umbrella Insurance

You Drive

  • Medical Expenses
    While you may be the most cautious, defensive driver on the road, we cannot assume the same of every other driver, no matter their driving credentials. Recent estimates by the Insurance Research Council suggest that one in seven drivers are uninsured. This estimate does not even factor in the shockingly huge number of people who carry their state’s minimum auto limits.At an age where many drivers increasingly treat auto insurance as a commodity, the risk of suffering an unbearable loss after an accident with an under-insured or uninsured driver continues to rise. If you or your loved ones are involved in an accident, our umbrella policy will cover your medical costs when your primary auto insurance limits become exhausted.
  • Liability
    The world we live in is increasingly becoming plaintiff-friendly and litigious. If we were ever involved in an accident due to our mistakes, what would happen? Take a moment and reflect on all the legal commercials promising potential clients the chance to receive the biggest settlement possible from their accidents.The truth is that if you own assets worth several hundreds of thousandths, e.g., cars, retirement and houses, and have a decent income, the odds of your case will be quickly stacked against you. However, with our umbrella insurance, you will have all the liability protection you need to avoid unanticipated financial losses.

You Have a Significant Online Presence
Nowadays, something seemingly trivial as offending someone on social media could land you in legal trouble for libel, slander or defamation of character. If a large lawsuit is brought against you, the cost of defense alone could easily spiral into the tens of thousands. Having the right insurance provider by your side and hiring the best attorneys and claims adjusters is expensive, to say the least.

If found liable, the settlement for such a case could ruin your whole life in an instance. That said, our umbrella policy is designed to protect you from such outrageous settlements. You will not live the rest of your life digging yourself out of a legal disaster.

You Own Pets or Property
Most people understand that they are responsible for accidents that might happen on their property. Besides the occasional slip and fall liabilities, most property owners hardly contemplate or fail to acknowledge the hazards that their pets pose.

For instance, if your dog viciously attacks a passerby who was going for a jog, they may sue you to cover their pain and suffering, lost wages and medical costs. Similarly, if you own a horse and someone suffers a bad fall while taking it for a ride, they may sue you to cover the unanticipated costs. By carrying our umbrella insurance, you can protect yourself against the financial burden that comes with such lawsuits should they ever arise.

Where to Get Umbrella Insurance
Umbrella insurance essentially comes down to protecting your wealth, regardless of the amount. At GEC Insurance Services, our umbrella policy will shield you from personal liability and ensure that your existing assets and potential income remain secure. Get a quote today or contact our offices to learn more about umbrella insurance.

Umbrella Insurance Articles

The Power of Umbrella Insurance in an Uncertain World

In an ever-evolving world characterized by uncertainty, safeguarding one's financial well-being has become an imperative task. While traditional insurance policies offer valuable protection, they might sometimes fall short of providing comprehensive coverage, leaving individuals exposed to unforeseen risks. This is where the power of Umbrella Insurance, provided by GEC Insurance, shines brightly. As a beacon of financial security in tumultuous times, Umbrella Insurance extends its protective canopy beyond the limits of conventional policies, offering a remarkable shield against liability risks that could otherwise jeopardize an individual's assets and future. In this exploration of "The Power of Umbrella Insurance in an [...]

The Importance of Umbrella Insurance in Today’s Society

It is more important than ever to have adequate insurance coverage to protect oneself and one's assets. While many people may believe that their existing insurance policies provide enough coverage, there are still significant gaps in coverage that could leave them vulnerable to financial ruin. This is where umbrella insurance comes in - it provides an extra layer of protection beyond what standard insurance policies offer, ensuring that policyholders are protected against a wide range of potential risks. Umbrella insurance is a type of liability insurance that provides coverage above and beyond the limits of an individual's primary insurance policies. [...]

The Many Benefits of Umbrella Insurance for Your Home

When it comes to insurance, there are many different types and levels of coverage that you can choose from. One type of insurance that is often overlooked is umbrella insurance. Umbrella insurance is a type of liability insurance that can provide you with extra protection in the event that you are sued or liable for damages. In this blog post, we will discuss the many benefits of having umbrella insurance for your home. One of the main benefits of umbrella insurance is that it can provide you with extra protection in the event that you are sued or held liable [...]

Home, Auto and Business Insurance

If you are looking for reliable and comprehensive insurance coverage in Arlington and the surrounding Dallas and Ft. Worth areas, GEC Insurance is a top-notch choice. With their commitment to providing personalized service and a wide range of insurance products, you can rest assured that you’ll find the coverage you need to protect your family, your assets, and your peace of mind.

One of the many benefits of working with GEC Insurance is their team of experienced and knowledgeable agents. They understand the unique risks and challenges facing residents in Arlington and Dallas-Ft. Worth areas and can help you choose the right policies to meet your specific needs. Whether you’re looking for auto, home, or other types of insurance, GEC Insurance has you covered.

In addition to their expertise and personalized service, GEC Insurance also offers competitive rates and flexible payment options. They work with a variety of reputable insurance carriers to ensure that you have access to the best policies and prices on the market. And if you ever need to file a claim, their claims process is straightforward and hassle-free, so you can get back to your normal routine as quickly as possible.

Overall, if you’re in the market for insurance in Arlington or the surrounding Dallas-Ft. Worth areas, GEC Insurance is an excellent choice. With their dedication to customer service, comprehensive coverage options, and competitive rates, you can trust that you’ll be in good hands with GEC Insurance.

Homeowners Insurance

When it comes to protecting your home and belongings, having a reliable homeowners insurance policy is essential. And with GEC Insurance, you can get the coverage you need to safeguard your property against a variety of risks and hazards. Here are a few reasons why GEC Insurance is a great choice for homeowners insurance:

GEC Insurance offers a variety of homeowners insurance policies to meet your specific needs. Whether you own a single-family home, a condo, or a rental property, their agents can help you find the right coverage to protect your investment. They can also help you customize your policy with additional coverage options, such as personal property coverage, liability insurance, and more.

Another benefit of getting homeowners insurance with GEC is their commitment to providing personalized service. Their agents will work with you to understand your unique needs and concerns, and they can provide guidance and support throughout the claims process. Plus, if you ever have questions or need to make changes to your policy, you can always reach out to their team for assistance.

GEC Insurance also offers competitive rates and flexible payment options. They work with a variety of insurance carriers to ensure that you have access to affordable policies that meet your needs and budget. And with options for monthly, quarterly, or annual payments, you can choose the payment schedule that works best for you.

Homeowners insurance with GEC Insurance gives you peace of mind knowing that your home and belongings are protected. Whether you’re facing damage from a storm, theft, or other unexpected events, you can trust that GEC Insurance has your back. With their comprehensive coverage options and reliable claims process, you can rest assured that you’ll be taken care of when you need it most.

Auto Insurance

When it comes to protecting your vehicle and staying safe on the road, having reliable auto insurance is essential. And with GEC Insurance, you can get the coverage you need to drive with confidence. Here are a few reasons why GEC Insurance is a great choice for auto insurance:

GEC Insurance offers a variety of auto insurance policies to meet your specific needs. Whether you own a car, truck, or SUV, their agents can help you find the right coverage to protect your vehicle against a variety of risks, including accidents, theft, and more. They can also help you customize your policy with additional coverage options, such as roadside assistance, rental car reimbursement, and more.

Another benefit of getting auto insurance with GEC is their commitment to providing personalized service. Their agents will work with you to understand your unique needs and concerns, and they can provide guidance and support throughout the claims process. Plus, if you ever have questions or need to make changes to your policy, you can always reach out to their team for assistance.

In addition to their personalized service, GEC Insurance also offers competitive rates and flexible payment options. They work with a variety of insurance carriers to ensure that you have access to affordable policies that meet your needs and budget. And with options for monthly, quarterly, or annual payments, you can choose the payment schedule that works best for you.

Auto insurance with GEC Insurance gives you peace of mind knowing that you’re covered in case of an accident or other unexpected events. With their comprehensive coverage options and reliable claims process, you can rest assured that you’ll be taken care of when you need it most. And with their commitment to customer service, you can trust that you’ll have the support you need throughout the entire process.

Business Insurance

If you own a business, you know how important it is to protect your assets and investments. That’s where business insurance comes in, and GEC Insurance is a top choice for businesses in Arlington and the surrounding Dallas and Ft. Worth areas. Here are a few reasons why GEC Insurance is a great choice for business insurance:

GEC Insurance offers a variety of business insurance policies to meet your specific needs. Whether you’re looking for general liability insurance, property insurance, or other types of coverage, their agents can help you find the right policies to protect your business against a variety of risks, including lawsuits, property damage, and more.

Another benefit of getting business insurance with GEC is their commitment to providing personalized service. Their agents will work with you to understand your unique needs and concerns, and they can provide guidance and support throughout the claims process. Plus, if you ever have questions or need to make changes to your policy, you can always reach out to their team for assistance.

In addition to their personalized service, GEC Insurance also offers competitive rates and flexible payment options. They work with a variety of insurance carriers to ensure that you have access to affordable policies that meet your needs and budget. And with options for monthly, quarterly, or annual payments, you can choose the payment schedule that works best for you.

Getting business insurance with GEC Insurance gives you peace of mind knowing that your business is protected. Whether you’re facing a lawsuit, damage to your property, or other unexpected events, you can trust that GEC Insurance has your back. With their comprehensive coverage options and reliable claims process, you can rest assured that you’ll be taken care of when you need it most. And with their commitment to customer service, you can trust that you’ll have the support you need throughout the entire process.

 

Go to Top
Site designed by Thinkit Media, Inc..