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Reply to "Insurance and liability considerations if caregiver drives your car"
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[quote=Anonymous]Our financial planner told us a nightmare story where an au pair was involved in a fatal accident, and the host parents were sued for their entire net worth. They had to pay, and ended up filing bankruptcy. He suggested an umbrella policy covering up to the amount of your net worth. They are not terribly expensive, but I was unable to get one from our insurer because the nanny had four speeding tickets and I had one. So get it before you add her to anything![/quote]
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