Children and Liability Gaps
Are your kids and grandkids enjoying summer vacation? No matter what they’ve been up to, make sure they are covered! Having children means that everyday activities come with increased responsibility and risk, but having the right coverage in place can give you peace of mind.
For example, a child could be injured at a birthday party you host and then a lawsuit could be filed against you. Do you have enough liability coverage to protect your assets? If your teen driver is has an at-fault accident, you could be held responsible for their actions. Are your auto liability limits high enough to provide adequate coverage? Even after children have left home for college, parents can still be on the hook. If your student allows a friend to borrow their vehicle and they cause a crash, the car owners could still be found liable.
In all of these situations, and in many other similar scenarios, a personal umbrella policy can help! Umbrella policies exist to help you with major claims and lawsuits, and usually kicks in when the liability coverage on your underlying policy has been exhausted. The liability coverage provided by an umbrella policy can help with legal fees and can even pay damages, depending on your limits. Even if you don’t have children yet, check out these insurance gaps that could be trouble for married couples!
From toddlers to teens, children will always keep us on our toes. Give us a call at 661-542-7007 to get an insurance review or policy quote today!
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