Congratulations on your new driver in the family! You may be feeling a mix of emotions right now, but one thing is for sure- you want to do everything you can to keep them safe on the road.
Adding an umbrella insurance policy with a teenage driver is an excellent idea and here’s why:
What is an Umbrella Policy?
First, let’s start with the basics. An umbrella insurance policy is an "add-on" to your auto insurance that provides extra liability coverage. This is important because it can help protect your assets in an accident where you are found to be at fault.
Why You Need It With a Teenage Driver
Now that we know what an umbrella policy is let’s discuss why you need it with a teenage driver. As we all know, teenagers are much more likely to be involved in an accident than adults. This is because of various factors, including inexperience, immaturity, and peer pressure.
An umbrella policy can help protect you financially if your teenage driver is involved in an accident. It may help pay for damages that exceed your auto insurance policy’s limits, up to the limit of your umbrella policy. This can be a lifesaver if you have a lot of assets to protect.
Your Giles & Iten Insurance agent can help you determine the right coverage when adding an inexperienced driver.
Other Benefits of an Umbrella Policy
Besides the extra liability coverage an umbrella policy provides, it can also help cover some other costs associated with an accident, such as legal and court costs.
Adding an umbrella insurance policy with a teenage driver is an excellent idea. It can give you peace of mind by knowing that you and your assets in Surprise, AZ are protected in the event of an accident. Call the Giles & Iten Insurance team today to learn more about this essential coverage.