Having or frequently caring for children may be a commonly-overlooked factor in the umbrella coverage decision-making process. Whether you have one child or many, the inherent liability risk that comes with children of any age means that parents, guardians, and caregivers may want to consider an umbrella policy. Parents and guardians of children are usually legally and financially responsible for the child's actions through vicarious liability. Here are a few examples of when an umbrella policy may help:
Your young child pushes another child off the slide at the park, causing severe injuries.
Your older child posts slanderous comments on a social media platform, causing another child mental anguish or embarrassment
Your teen throws a house party and serves alcohol while you are out of town. A partygoer is injured or killed on the way home due to underage drinking and driving.