Umbrella Insurance in McKinney, Texas
Add an extra layer of personal liability protection above qualifying home and auto insurance policies.
Protect More Than Your Insurance Limits
Umbrella insurance provides additional personal liability protection above the qualifying limits of
your home and auto insurance policies. It may help protect your savings, investments, property, and
future income when a covered claim or lawsuit exceeds the limits of an underlying policy.
Coverage depends on the insurance company, policy form, underlying insurance requirements, exclusions,
and endorsements. Scordo Insurance Agency can help you review your current liability limits and compare
available umbrella insurance options.
What Umbrella Insurance Does
Umbrella insurance adds liability protection above the limits of qualifying home and auto policies.
It may help when a covered bodily injury, property damage, or personal liability claim exceeds the
limits of the underlying insurance policy.
Some policies may also provide coverage for certain personal liability situations not fully covered
by an underlying policy, subject to policy terms and exclusions.
Who Should Consider It?
Umbrella coverage may be worth considering for households with assets, income, or activities that
could increase liability exposure.
- Homeowners
- Landlords and rental-property owners
- Households with teenage drivers
- Families with significant savings or investments
- People who own pools, boats, or recreational vehicles
- Households that frequently entertain guests
- Business owners concerned about protecting personal assets
Common Umbrella Insurance Claim Examples
Umbrella insurance is often discussed in situations such as:
- A serious auto accident where damages exceed your auto liability limits
- A guest suffering a significant injury on your property
- A dog-bite claim resulting in substantial medical or legal expenses
- A lawsuit exceeding the personal liability limits of your homeowners policy
- Certain landlord or rental-property liability claims
- Certain personal injury claims, depending on the policy
These examples are for general information only. Actual coverage depends on the carrier, policy form,
limits, exclusions, endorsements, and circumstances of the claim.
Underlying Insurance Requirements
Insurance companies generally require you to maintain certain liability limits on your home, auto,
landlord, boat, or other qualifying policies before umbrella coverage applies.
If the required underlying limits are not maintained, you may be responsible for the difference between
the amount of insurance you carried and the amount required by the umbrella policy.
Important Umbrella Insurance Limitations
- Coverage terms vary by insurance company and policy.
- Required underlying liability limits must generally be maintained.
- Intentional acts are generally excluded.
- Business activities may require separate business insurance coverage.
- Professional services are generally not covered by a personal umbrella policy.
- Coverage for rental properties, boats, and recreational vehicles varies by carrier.
- Claims remain subject to policy terms, exclusions, and underwriting requirements.
Why Work With Scordo Insurance Agency?
Scordo Insurance Agency is an independent insurance agency serving McKinney, Collin County, and
communities throughout North Texas. We compare options from multiple carriers and focus on liability
protection that fits your assets, household, and financial priorities.
Rick Scordo has operated the home and auto insurance business since 2004. The agency operates under
Temple Gate GMAV LLC, doing business as Scordo Insurance Agency.
Related coverage:
Home Insurance,
Auto Insurance, and
Insurance Quotes.
Frequently Asked Questions
How much umbrella coverage should I consider?
The amount to consider depends on your assets, income, household risks, and underlying policy
limits. A liability review can help you estimate an appropriate amount.
Does umbrella insurance cover teenage drivers?
Umbrella coverage may extend liability protection for qualifying household drivers, including
teenagers, subject to the policy terms and required underlying auto limits.
Does umbrella insurance cover rental property?
Some umbrella policies can include qualifying rental-property exposures. Availability depends on
the carrier, number of properties, underlying landlord insurance, and underwriting requirements.
What underlying limits are usually required?
Most carriers require minimum home and auto liability limits before umbrella coverage applies.
Specific requirements differ by company and policy.
Is umbrella insurance expensive?
Umbrella coverage can be relatively affordable compared with the amount of liability protection
provided, but pricing depends on the carrier, coverage limit, drivers, properties, vehicles, and
other risk factors.
Ready to Review Your Liability Protection?
A short conversation can help determine whether umbrella insurance fits your household, assets, and
current home and auto coverage.
Contact Scordo Insurance Agency
Independent umbrella, home, and auto insurance agency serving McKinney and surrounding North Texas
communities.
- Email:
rick@scordoinsurance.com - Website:
scordoinsurance.com - Text:
(469) 306-4171 - Phone:
(469) 424-1980 - Address:
1836 W. Virginia Street, Suite 204, McKinney, TX 75069