At L & S Agency Inc., we frequently encounter individuals who are underinsured, particularly parents. Many people in Buffalo, NY, may not realize the various ways they can be underinsured once they have children in their home. This oversight could potentially cost you thousands of dollars down the line if you don’t enhance your insurance policy now. Here are three reasons why parents need to consider umbrella insurance.
Teenagers Behind the Wheel
As soon as you have a teen driver in your home, it’s crucial to update your auto insurance. New drivers pose increased risks, both for themselves and other road users. We frequently see people left with totaled vehicles after their teen driver gets into an accident while they are underinsured. It’s essential to address this even while your teen has their driver’s permit.
Hosting Friends at Home
It’s comforting to know your children are safe at home when they invite their friends or classmates over for a sleepover or a party. However, accidents can happen. Ensure your home insurance includes a rider that protects you if one of your kids’ friends gets injured while on your property.
Visiting Friends’ Homes
Your kids are also likely to attend social gatherings at their friends’ houses, where accidents could occur. If your child is negligent and causes damage to someone else’s property, you are likely not covered. Consider adding a clause to your home insurance policy that protects you if your child is liable for damages while they are away from home.
If you have children in Buffalo, NY, L & S Agency is here to help you secure the appropriate level of insurance for your needs. Contact us today to learn about how we can assist in updating your policy.
