Do you have a teen driver at home? As our kids get older, our risk level increases as they’re exposed to more hazards out on the road. Here at The Good Insurance Group, LLC, we want to make sure all Bloomsburg, PA parents have the coverage they need. Keep reading to learn more about umbrella insurance.
What is Umbrella Insurance?
Umbrella insurance is a funny play on words. It is a special type of liability policy that extends over your home and auto insurance to give you more coverage in the event of a serious claim.
As a parent of a teen driver, you have an increased risk that the child you’re legally responsible for could cause a major accident while driving a vehicle you own. If this happens and your standard policies do not have enough coverage, you could be sued for the remaining amount and have to pay for damages out-of-pocket if they’re above your limits.
Fatality crashes involving youthful drivers happen every day in our country. Even if your child isn’t the one at fault, there could be some liability involved if they have friends in the car or make simple mistakes during the incident. Instead, it is better to have an umbrella of coverage as added financial protection.
Protect Your Family with Umbrella Insurance
There are other circumstances when having umbrella coverage is vital, but having a youthful driver in your household is one of the most critical. If you have a teen driver at home, it is important to have a conversation with your trusted Bloomsburg, PA insurance agent. Please contact our team at The Good Insurance Group, LLC to schedule an appointment to talk about umbrella insurance coverage.