52% of the deaths of teenage passengers happened in cars driven by another teen
Why You Need a Personal Umbrella
Real-World Case Study: The Risk of Teen Driving
Emily, a 17-year-old, decided to treat her best friend, Taylor, to a movie to celebrate finishing their finals. They were running late and didn’t want to miss the show, so Emily sped down the highway. She lost control going around a notorious turn and crashed into a car with a family who were heading to a pizza dinner.
1. A standalone personal umbrella policy adds a critical layer of protection for liability loss exposure
2. You don’t need to be a millionaire to be sued like one. You could be liable for any injuries resulting from an at-fault, covered auto claim
3. All licensed drivers in the household or regular use operators must be listed on all policies, including youthful/inexperienced operators.
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Sadly, Taylor passed away at the hospital months later due to serious complications. The family suffered loss of wages, emotional distress and lengthy hospitalizations — and one child had a permanent disability and needed ongoing physical therapy.
Emily’s parents’ standalone personal umbrella policy covered the exorbitant medical bills of all the victims.
Claim: $3MM
CONTACT US FOR A QUOTE – Policies start at about 83¢ a day.
*Statistics from Centers for Disease Control and Prevention and the Insurance Institute for Highway Safety. Names and identifying details in claims examples have been changed to protect the privacy of individuals. Figure based on nationwide average premium of a $1MM personal umbrella policy for 2 homes, 1 car, 1 driver. Premium billed annually. This information is for educational purposes only and does not constitute legal advice or guarantee or imply a similar outcome. Underwriting criteria varies by state. Visit us online for guidelines.
All content provided in this blog is for informational purposes only. Topics discussed on this blog relate to insurance products and issues in a general application, and are not an offer of insurance, a guarantee of coverage, or applicable to specific and individual circumstances. Contact LG Insurance Agency for questions and information specific to your insurance needs.
About LG Insurance
Founded in 2009 by Aaron Levine, LG Insurance is one of the Jersey Shore's fastest growing insurance agencies. Located in Long Branch Jersey, LG Insurance proudly serves many other local towns throughout Monmouth County including Asbury Park, Eatontown, Little Silver, Middletown, Ocean Township, Red Bank, Rumson, Shrewsbury and all of NJ. We also insure homes and busiensses on Long Island and in the Greater New York City area.
Specializing in personal and business properties in coastal areas, LG Insurance offers a full product line of personal and commercial insurance packages and products as well as a full line of life insurance and supplemental insurance coverages.
