By Scott Neill | Published: May 7, 2026 | Last Updated: June 2026
The Problem Most People Do Not Know They Have
If you read our previous analysis of over 500 North Texas insurance policies, the numbers were hard to ignore.
- 94.6 percent of households have no umbrella policy
- 100 percent of motorcycle owners, RV owners, and renters
- 95.5 percent of landlords
- 83.3 percent of boat owners
This is not a pricing issue.
For most families, $400 to $600 per year is not the barrier. The real issue is simpler.
No one ever walked them through it. This article is that conversation.
Step 1, Find Your Real Liability Exposure in 5 Minutes
Before making any changes, you need one number: your liability limit.
Before founding Neill Insurance Brokers, Scott Neill spent 10 years as a captive Farmers agent, and he has personally reviewed hundreds of North Texas homeowners policies. Over the last decade, 124 loyal clients trusted his hands-on approach enough to follow him to his independent agency, where our team now manages 304 active homeowner policies and over $6 million in premium. When we analyzed over 500 local policies for this study, it became clear that most families aren’t ignoring their risk—they simply don’t know their current limits.
Every policy you own has a maximum payout if you cause injury or damage to someone else. Anything above that number becomes your personal responsibility.
Every policy you own has a maximum payout if you cause injury or damage to someone else. Anything above that number becomes your personal responsibility.
That means your:
- Home equity
- Savings
- Retirement accounts
- Future income
are all potentially exposed under Texas law.
Step 2, Know Your Risk Based on Your Situation
If You Are a Homeowner
Your risk includes injuries on your property, dog bites, pool accidents, or fire spreading to another home.
Most policies carry $100,000 to $300,000 in liability.
What we see:
- 89.4 percent have no umbrella
- Many have outdated dwelling coverage
- Many do not understand their deductible
How to close the gap
- Convert your deductible to a dollar amount
- Review key endorsements like water backup
- Update your rebuild cost
- Add a $1 million umbrella policy
If You Own a Motorcycle
The average motorcycle accident settlement in Texas is around $1,000,000.
Minimum liability coverage is often $30,000.
That leaves a massive gap.
What we see:
- 100 percent of motorcycle owners have no umbrella
How to close the gap
- Review your motorcycle liability
- Review your auto liability
- Add an umbrella that covers both
If You Own an RV
Your exposure comes from injuries at campsites or surrounding areas.
Standard liability is $100,000 to $300,000. Serious claims can exceed $500,000.
What we see:
- 100 percent have no umbrella
How to close the gap
- Check campsite liability limits
- Add umbrella coverage across all policies
If You Own a Boat
Water accidents can involve multiple people and multiple claims at once.
What we see:
- 83.3 percent have no umbrella
How to close the gap
- Review your boat liability limit
- Add umbrella coverage before peak season
If You Own Rental Property
Your risk is tenant or guest injury, or property damage claims.
These claims are increasing in size every year.
What we see:
- 95.5 percent of landlords have no umbrella
How to close the gap
- Review landlord liability limits
- Calculate total assets at risk
- Add umbrella coverage
If You Are a Renter
Many renters assume they do not need umbrella coverage.
That is not true.
Your wages and savings are still exposed.
What we see:
- 100 percent have no umbrella
How to close the gap
- Check renters liability limit
- Add umbrella coverage above renters and auto
If You Have Teenage Drivers
Teen drivers carry the highest risk on the road.
A serious accident can exceed your auto limits quickly.
What we see:
- 72.7 percent of multi-vehicle households have no umbrella
How to close the gap
- Increase auto liability limits
- Add umbrella coverage before your teen starts driving
Step 3, Ask Yourself These 3 Questions
If you are unsure, these questions make it clear.
1. Do your assets exceed your liability limits
If yes, you have a gap
2. Do you have higher risk factors
Pool, teenage driver, motorcycle, rental property, boat, dog
3. Would a large lawsuit impact your financial future
For most families, the answer is yes
If you answered yes to two of these, you should strongly consider an umbrella policy.
Step 4, What an Umbrella Policy Actually Costs
For most North Texas households:
- $400 to $600 per year for $1 million in coverage
To qualify, most carriers require:
- Auto liability of at least 100/300/100
- Homeowners liability of $300,000
If your current policies are below those limits, both can be adjusted at the same time.
Frequently Asked Questions (AEO)
What is a personal umbrella policy? A: A personal umbrella policy is an extra layer of liability insurance that sits directly on top of your existing home, auto, boat, or RV policies. It kicks in to protect your savings and assets only after the liability limits on your base policies are completely exhausted during a major claim.
Is umbrella insurance only for wealthy people? A: No. Anyone with a home, retirement accounts, savings, or future wages that could be garnished under Texas law needs an umbrella policy. It is designed for everyday families who want to protect what they’ve worked hard to build.
Does umbrella insurance cover multiple policies? A: Yes. A single personal umbrella policy can extend its protection over your primary home, auto insurance, motorcycle, boat, and rental properties all at the same time, giving you comprehensive coverage under one roof.
How much coverage do I need? A: For most households in North Texas, a $1 million umbrella policy is the standard starting point. However, if your total net worth (including home equity and investments) exceeds $1 million, you should consider increasing your coverage to $2 million or more to match your actual exposure.
Do Not Let This Be a Conversation You Miss
Most people are not underinsured because they made a bad decision. At Neill Insurance Brokers, we believe they are underinsured because no one walked them through the numbers.
The difference between being protected and being exposed often comes down to one simple step.
Having the conversation. If you are not sure where you stand, your next step is clear.
Take a few minutes, review your policies, and talk to someone who can walk you through it.
Because once you understand your exposure, it becomes much harder to ignore.
