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Yeah, the 3rd party being the kids' parents. Health insurance is still going to have deductibles and can be a financial strain, even for wealthy folks. Especially if one of the kids becomes handicapped. At least having the livery policy in place, they don't have to shoulder that burden.
If it was only a concern for other drivers on the road and asset protection, then it would be much simpler to request the driver to carry higher liability limits, add the family as additional insured, and carry a $1 or $2 million umbrella.
If it was only a concern for other drivers on the road and asset protection, then it would be much simpler to request the driver to carry higher liability limits, add the family as additional insured, and carry a $1 or $2 million umbrella.
