What Is Umbrella Insurance?

Do you ever wonder if the amount of insurance you have is enough? If something devastating happened in your life, would you have the means to safeguard your assets? If this is something that’s been weighing on your mind, it may be a good idea to consider getting some additional coverage. Umbrella insurance, also known as excess liability, might just be the right solution for you. So, what exactly is umbrella insurance? More importantly, is it something that you need?

Overview

Umbrella insurance is a type of liability insurance that is meant to supplement your basic policy. In other words, it covers additional liabilities that are not covered already by your home or auto policies. The main goal of umbrella insurance is to protect your assets in the event of an unexpected event, such as a lawsuit judgment against you.

How Does It Work?

An umbrella policy will go into effect once your basic liability policy limits have been reached or if the claim is not covered at all under basic coverage. Umbrella insurance will pay any lawyer’s fees or settlement amounts up to the limit of your coverage. Be aware, however, that any amount beyond your limit will need to be paid for out of pocket. Reach out to Ty Lawrence Insurance for more details on how this works in Austin, TX.

Do I Need Umbrella Insurance?

Many are not sure if they actually need umbrella insurance since they already have auto and homeowners policies. When making a decision on whether or not you should invest in an umbrella insurance policy, consider your life and the lives of the people around you. Do you have loved ones, property or any other precious assets that you want to protect in the event of a devastating financial loss? If so, you should consider an excess liability plan.

For more information or a quote, visit Ty Lawrence Insurance in Austin, TX. A knowledgeable member of the team will be able to help you out with any questions you may have.

What Motorcycle Safety Gear is Required in Texas?

Before you hit the road this summer for that epic road trip on your new motorcycle, Ty Lawrence Insurance Agency is here to provide you with some tips to help you stay safe and informed.  Whether you are in Austin, TX or cruising the interstates, you can avoid receiving a ticket by following some simple safety gear rules and regulations.

Under 21 Must Wear a Helmet

If you haven’t celebrated your twenty-first birthday, you must wear a helmet whether you are driving or riding on a motorcycle according to Texas law.  If you are taking your kid brother across town for some ice cream, remember that passengers must be at least five years of age.

Over 21 Must Meet State Safety and Health Requirements

If you are no longer a minor, the state requires that you either wear a helmet or provide proof you have completed a motorcycle operator safety training course and are enrolled in a motorcycle health insurance program.  While you can’t be pulled over just to check your compliance, failure to adhere to these regulations can result in burdening you with all the costs associated with an accident.

Extra Gear is Always a Good Idea

Since Texas is leaving the responsibility for your health in your hands, don’t forget that a helmet is only one part of body protection every good rider should wear. Motorcycle impact vests or jackets protect your spine in case of a spill while wearing leather pants can help reduce road rash when you get dumped.  Boots protect your feet from casual impact with the road and help to prevent burns from hot parts on your ride. 

Should you have any questions about motorcycle insurance and are in the Austin, TX area, give the friendly and knowledgeable agents at Ty Lawrence Insurance Agency a call. They’ll be glad to help.