One of the most frequently overlooked reasons to purchase umbrella insurance is your children. Sure, you are a safe driver, keep your property in mint condition, rarely host a party and don't even own a dog. Still think you are safe from potential lawsuits? Maybe – but maybe not.
What about your teenager? Would she throw a party while you are out of town? What about reckless driving? Sadly, kids will be kids and even the best of teenagers or young adults are prone to make bad decisions during the course of growing up. As your child's parent, you are responsible for his/her actions which could lead to financial hardship in the event of a serious accident, injury or even death.
Whatever the reason or cause, make sure you and your family are fully protected by purchasing umbrella insurance. This type of insurance provides additional coverage against liability claims involving you or your family members. It's easy and affordable. Simply ask your GEICO representative for an umbrella insurance rate quote.