Umbrella Liability Policy – Do You Have One?

The parents of adolescent kids have increased legal liabilities.  Imagine they have some friends over and someone gets badly injured, especially if you have a swimming pool or live on a lake.  Or think about a car accident that is your kid’s fault and bad injuries or worse are involved.  When our oldest daughter entered junior high school, we got an umbrella liability policy from our insurance company to cover more than the standard liability coverage in our homeowner’s policy.  It doesn’t cost much for this coverage, even for $1M worth of coverage.  Your insurance agent can explain what is covered and how much is the right amount to get covered for.

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