Umbrella policies supply extra coverage in the event of a lawsuit. Just as umbrellas shield you from rain, umbrella policies protect you from losing the entirety of your wealth and assets. These policies supplement your personal policies by covering beyond the limits of liability associated with those policies. Also, you chose how much more it covers; typically starting around $1 million.

Insurance agents need you to have advanced limits of liability on the entirety of your personal policies before they offer the option of an umbrella policy. Typically, the limits of liability needed are $250,000 for bodily injury protection per person and $500,000 per accident. This may vary, so check with an insurance agent in Dallas to find what the specific requirements are.

Let’s look at an example of an umbrella policy in action. John Doe swerves to avoid an obstacle on a busy highway and causes an accident. Though everyone survives, many are severely hurt and the sum of the medical bills climbs to $800,000. John Doe’s insurance only covers $500,000, but has an umbrella policy. The umbrella policy comes into play and covers the remaining $300,000.

Umbrella policies are not for everyone. It is uncommon for the average person to have one in place and it may not be worth it for them to carry a policy such as this. Umbrella policies are mainly recommended to people or businesses in possession of considerable assets.

Is an umbrella policy right for you or your business? Did we leave you with even more questions about umbrella policies? Talk to your Dallas insurance agent today and you can learn even more about umbrella policies and how they could benefit you.

Most small-to-medium-sized companies’ owners believe that carrying an insurance policy is too expensive and therefore shy away from insuring their businesses; placing them at grave risk. Steven Graves Insurance Agency is a great resource to help small-to-medium-sized businesses in the Dallas area navigate the world of insurance and explore the many different packages that are available.

As an independent insurance agency, Steven Graves represents a carefully-selected group of reputable insurance companies that diligently works to place small-to-medium sized Dallas businesses’ policies with the company offering the best coverage at the best possible rate.

A minor claim to a small business could mean the difference between turning the lights on for another day and filing bankruptcy.

It’s not enough to have your business insured, but you also need to have relevant coverage. The world is in a constant state of change and so is your business. Reviewing your policy on a regular basis is just as important as having insurance.

Steven Graves utilizes a state-of-the-art computerized rating system that instantly compares rates of competing insurance companies for the same coverage. In doing so, they are able to present their clients with the best possible rate for the desired insurance coverage.

There is not a way to prevent natural disasters, such as floods or tornados from happening. Nor can you prevent theft or vandalism, but you can put measures into place that can protect your investment. The Insurance Information Institute recommends that small businesses have four types of insurance: property, liability, business auto, and worker’s compensation.

Steven Graves has more than 15 years working with clients to ensure that their assets are protected from unexpected loss. Headquartered in Dallas, Texas, Steven Graves is a full-service insurance agency serving businesses not only in Dallas, but the entire state of Texas.

Being prepared can help mitigate seen and unforeseen risks to one of your most prized investments – your business. Take the necessary time to investigate commercial insurance in Dallas by having us review your current policy ensuring your business is properly protected.

Car accidents occur daily and can happen to anyone. Auto insurance, which is essentially a contract between an automobile owner and an insurance company, can help protect you from losses via auto accidents, vandalism, theft, and more. Vehicle owners make regular payments to an insurance agency and the agency financially covers losses incurred based on your policy.

Some of the things covered by these policies include property damage to a vehicle, liability expenses received due to injury to another person and/or their property, and medical expenses in the event of an accident. These expenses can be high and many struggle to pay them on their own. Having auto insurance lightens the load.

Throughout the day, you could potentially see and hear hundreds of ads for insurance companies offering auto insurance. Because there are so many options out there, choosing the right agency for you is no easy task. Thankfully, the internet makes it easier to compare prices and policies; you can even get an insurance quote online. It is to your advantage to ask around and get as much information as possible.

Though auto insurance is highly important to have, it is equally valuable to do your research before purchasing coverage. Different policies have different benefits and no policy is one-size-fits-all. Check with an insurance agent in Dallas to see how much coverage you need and what policy is best for you.

Some important things to remember about auto insurance:

1. Usually, insurance policies do not protect you if you are driving a car that is not your own.
2. Do not be afraid to ask your Dallas insurance agent questions about your policy. It is important that you understand your policy and what it means to you.
3. You may get a discount for paying for a longer amount of time upfront.
4. Auto insurance companies are competitive and are always coming up with new policies. It’s a good idea to be on the lookout for ways another policy may benefit you.

Steven Graves is a Dallas insurance agent who can help you and your partner with all of your insurance needs. Finding a policy that is right for you can be difficult, but Steven Graves Insurance can answer your insurance-related questions and work with you to find a plan that fits.

Steven Graves Insurance makes it even easier by allowing you to get an insurance quote online. Simply answer a few questions, provide contact information, and you will be given a free quote.