Umbrella Insurance

WHEN IT RAINS, IT POURS…

Especially when it comes to unexpected accidents or claims.

WHAT IS UMBRELLA INSURANCE?

You never know when it might rain. So, just like the name implies, this type of policy acts like an umbrella, providing protection against a wide range of potential financial dangers and unforeseeable mishaps.

COVERAGE LIMITS

Umbrella insurance does not cover your own medical expenses or losses to your property. However, what exactly is covered by your umbrella policy depends on how you decide to set it up. In most cases, umbrella insurance protects you from:

  • Injuries you cause in a car accident
  • Injuries someone suffers on your property
  • Property damage you cause in an accident
  • Property damage your pet causes
  • Property damage a dependent or child causes
  • Attorney fees and other legal costs

Yes, your existing insurance may protect you to an extent, but an umbrella policy goes much further for less cost than upping the limits on your existing policy because it covers for different types of risks. Umbrella insurance is also portable, in most cases, so it can follow you when and wherever you travel.

Since the terms of umbrella insurance policies will vary, depending on insurance companies and your own personal needs, a qualified insurance agent from our firm is the best person with whom to discuss the benefits, restrictions, and coverage from each carrier they represent.

AREN’T PEOPLE WITH A LOT OF ASSETS THE ONLY ONES WHO NEED UMBRELLA INSURANCE?

Actually, anyone with a job, who expects to keep the income they earn, could benefit from having an umbrella insurance policy.

What would happen, for example, if someone made a delivery to your house, slipped on a sidewalk recently wet by your sprinkler system, and suffered severe head injuries from the fall. They will sue you, of course. Your homeowners insurance kicks in and pays up to its maximum limits. But the jury finds that you are responsible for an extra $500,000 over your homeowner’s limits.

Ask yourself: How long would it take you to pay that off with your weekly paycheck?

Umbrella insurance covers the amount that exceeds your homeowners coverage, usually up to $5 million, sparing you from a financial nightmare, along with paying the attorney to help you survive it.

ARE UMBRELLA POLICIES EXPENSIVE?

Relative to the amount of protection you get, umbrella insurance is highly affordable. Especially since it’s unlikely you will ever have to make a claim against it. So, your specific cost will be determined by:

  • The amount of coverage you purchase
  • Your insurance carrier’s provisions
  • Your risk profile and driving record

You may save even more money by purchasing umbrella insurance from the same carrier who provides your home and/or auto insurance-check with us to make sure.

Tell me again why I need Umbrella Insurance?

A long time ago, you set some goals, made a plan, worked hard, and got “there.” As you did, you accumulated possessions. Not to be ostentatious, but enough to make you and your loved ones comfortable. You are rightly proud of these accomplishments. In fact, you have protected them with the best insurance you could.

Now, you need extra protection, an umbrella insurance policy. A policy that will cover you above and beyond what any single policy might cover. For example: What are your limits on your auto and home liability policies: $300,000 to $500,000? Okay, you say, the insurance will cover it. But what if the amount is over the policy limits? (That happens, especially if you have nice things). Your standard home or auto policy is likely not going to be enough to cover what the plaintiff is asking for.

How will you pay the judgment? How will you even defend yourself in such a lawsuit? Can you actually lose all you have strived for? You bet you can. Not only can you lose what you worked for, you can lose part of your wages for the rest of your working life. (Most people don’t know this).

WHY WE’RE DIFFERENT

While most insurance products are similar in price and function, insurance providers vary when it comes to structuring a policy tailored to you. After all, there’s no such thing as a one-size-fits-all insurance policy when it comes to your nest egg.

Contact us today, and we’ll help you protect what matters most.

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Excellent
4.8
Chris Powell
Chris Powell
I've worked with Amy at Shropshire on my policy and she is always patient and helpful, helping me with a myriad of options and breakdowns. I'm so grateful for her help and kindness!
Response from the owner: Thank you so much for taking the time to leave an excellent rating. We really appreciate your business.
Jon Live Life Well Clinic
Jon Live Life Well Clinic
Jeff is awesome. He listens to what your concerns and needs are and tailors everything to exactly what you need to have peace of mind.
Response from the owner: Thank you so much for taking the time to leave an excellent rating. We really appreciate your business!
D Bunting
D Bunting
Our agent, Ilene Hobgood, is excellent and we have recommended here to several of our friends and neighbors.
Response from the owner: Yes, we are so grateful to have Ilene on our team! Thank you for the referrals!
Admin DMCo
Admin DMCo
A very personable experience ANY time I have a question or need assistance. I couldn't ask for better!
Response from the owner: Thank you for your great 5 star review!
KIP LEDGERWOOD
KIP LEDGERWOOD
Great people, very helpful in all aspects. Thank you!
Response from the owner: Thank you, Kip for the kind review. We are blessed to have auto insurance customers like you!
Dixie Stewart
Dixie Stewart
All of the staff are great! Very helpful and answer any questions or concerns!!!We are very pleased and highly recommend Shropshire AgencySteve and Dixie Stewart
Response from the owner: Thank you Dixie for your great review!
Judy Kelly
Judy Kelly
Very efficient, professional, pleasant attitudes to be around.It's making an unpleasant restoration so much easier to handle.
Response from the owner: Thank you Judy for your kind words regarding home insurance!
bill hillstrom
bill hillstrom
Great people, great service
Response from the owner: Thank you for the great review!
Lester Mills
Lester Mills
Great service and always available to answer our questions!
Response from the owner: Thank you for the 5 star rating!
Cheryl Crabtree
Cheryl Crabtree
It is a very top notch helpful business. They are there for their customers.
Response from the owner: Thank you for the great review and kind words.
Tameisha Bolen
Tameisha Bolen
I've been doing business with the Shropshire Agency for many years. They have taken great care of our family. I appreciate that they review our policies with us each year and make sure we are getting the best coverage for the best rates.
Response from the owner: Thank you so much for taking the time to leave us a 5 star rating - it's much appreciated!
Kathleen Phelan
Kathleen Phelan
With me every step of the way! Highly trusted agency, going above and beyond to ensure home security. Thank you!
Response from the owner: Thank you for your review!
Cindy Robinson
Cindy Robinson
Great team to work with! 😃
Response from the owner: Thank you Cindy for the review!
Debe Snedigar
Debe Snedigar
I've been with The Shropshire Insurance Agency since the mid 1970's and they have always been there for me when needed. They are a stellar agency!
Response from the owner: Thank you for sharing your experience!! We value your business and treasure your trust and relationship that have been built over the years.
Dan Lassiter
Dan Lassiter
Great Staff
Response from the owner: Thank you for the 5 star review!
Alan Berger
Alan Berger
I have been with this Insurance agency for years. They work very hard to make sure I have the right information when I need it. I am a small company, but they treat me like I am there only client. Great people, Great Service and Great knowledge of the insurance market and I would recommend them to anyone.
Response from the owner: Thank you so much for this 5-star review. We really appreciate you being a customer and helping to share the word about us!
Connie C.
Connie C.
The Shropshire Agency has handled our business insurance for years and we appreciate all their hard work to keep us covered as we should be. They always go the extra mile and are very courteous and professional. I highly recommend them.
Response from the owner: Thank you so much for taking the time to leave us a 5 star rating - it's much appreciated!
David McCulley
David McCulley
I have my home and autos insured through the Shropshire Agency and have for many years. I truly appreciate the professionalism and responsiveness that I consistently experience. Trusted team of people to work with and I highly recommend.
Response from the owner: We appreciate your business. Thank you for the wonderful review!
NMN Shannon
NMN Shannon
Shropshire handles the insurance needs of Shannon Sound & Lighting very well.
Response from the owner: Thank you for the 5 star rating!
Glenn Estes
Glenn Estes
Great people to deal and do business with
Response from the owner: Thank you for the 5 star review!
Logan Shelburne
Logan Shelburne
Great people. They are able to shop through several different insurance companies to find the best deal to suit you personally.
Chuck Sudduth
Chuck Sudduth
Thank You, Chuck S.
Lubbock Cleaning Solutions
Lubbock Cleaning Solutions
Jeff has been great to work with for our business insurance. I started a new business in Lubbock and he was with us every step of the way. The staff at Shropshire Agency has the best communication for any policy from start to finish. Don't waste your time with anyone else, they cover auto and home as well!
Katrina Kohnle
Katrina Kohnle
The Shropshire Agency has covered my business for the last 8 years. They are very thorough and go through my policy every year and have the ability to shop the policy to get the best prices. Great agency!!
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