The Case for Umbrella Policies: Teen Tweet Costs Parents $750K

Did you know you and your family’s daily activities could result in a lawsuit? Umbrella policies are designed to give you additional liability coverage which can function to fill gaps in your homeowner or auto policy, or to extend your coverage.
For example; an Insured’s daughter hated math class as well as the teacher. The daughter made several “disparaging” and false remarks about her teacher online. The teacher sued the parents for personal injury and $750,000 was paid.
Consider purchasing an Umbrella policy if your:

• 
  Assets are greater than your current insurance liability
• limits.
• 
  Are financially responsible for children
• 
  Frequently host guests on your property
• Residence includes a swimming pool
• 
  Own watercraft or other recreational vehicles
• 
  Own rental or vacation properties

Claims like this example are becoming more common with today’s children and their extensive use of social media sites. Coverage for this claim would be provided under Personal Injury Liability Coverage on a homeowner policy. Some homeowner policies automatically include this coverage. If not included it can be endorsed on a policy for usually less than $20 a year. Coverage could also be found under an Umbrella policy, if the parents have one in force.
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