I hope this story doesn’t disturb you. I just think you should know what can happen. Too many insurance agents are afraid to share the real truth. Not me.I recommend a Personal Liability Umbrella for parents of teen drivers. Not many insurance agents do unfortunately.
When I first became an insurance agent back in 1994, I helped a couple with their home and auto insurance. Fresh from insurance training, I followed everything I was taught to do and encouraged this couple to get the right protection for their specific needs which included a personal liability umbrella. They had an expensive home, nice cars and 2 young children… way too much on the line if something terrible happened. Well, something very terrible did happen.
About a year later, the wife picked up her 10 year old son and his friend from school. As she drove down the street, a dog ran out in front of her car and she panicked. She veered, lost control of the car and hit a telephone pole. She was okay, her son was just shaken up but the boy in the back seat didn’t secure his seatbelt and suffered a serious spine injury.
He was instantly paralyzed and would spend the rest of his life in a wheel chair. This split second mistake was tragic. Imagine a 10 year old boy that will require assistance for the rest of his life. A lawsuit followed and the only good news from this story, our insurance company paid for the entire lawsuit. The family whose boy was injured was able to get the care he needed and his life-long struggle reduced significantly.
I am sharing this story with you because this happens all the time. And more often than not, there isn’t enough coverage to care for a tragedy like this. People lose everything they own to pay for lawsuits and can pay for a very long time. I don’t want this to happen to you and highly recommend you get a personal liability umbrella.
As a parent of a teen driver, the likelihood of you getting sued has increased by 500%. Teen drivers are 5 times more likely to cause a car accident than experienced drivers. For about $20 a month, you can get a personal liability umbrella than can provide you $1 million dollars of liability protection should your teen driver cause an accident and you get sued for the damages and injuries from the accident.
Ultimately, you are responsible for your teen driver’s actions and everything you own is at risk. If you want to protect your family’s assets, give us a call today and we’ll help you get a personal liability umbrella.