Umbrella insurance through Land Home Insurance Services in Concord, CA offers liability protection to cover expenses in a variety of situations, including if you are being sued for alleged slander. This means you have protection against legal action because of something you said or something you wrote.
To many, the concept may seem quite far-fetched. Imagine you post an unfavorable comment about someone on social media or write a negative review about a business, as a result, you could be sued. In this type of situation, you will be glad you have an umbrella insurance policy in place.
What is Personal Umbrella Insurance?
Personal umbrella insurance in Concord, CA gives you an extra layer of liability protection. It is designed to help with the cost of defending you in court against claims as well as pay for any legal settlements that are made against you.
Typically, umbrella insurance will kick in once you have reached the limits of liability on an underlying insurance policy, like auto insurance or homeowners’ insurance. For example, if someone sues you after being injured while on your property, your umbrella policy will cover any costs that exceed the liability limits on your homeowners’ policy if you are found legally responsible. In cases, such as a slander lawsuit, an umbrella insurance policy can protect you in situations that may not otherwise be covered by the types of insurance policies that you carry.
Types of Defamation Not Covered
While you may not have to pay out of pocket for a legal judgment of defamation when you have an umbrella insurance policy, some scenarios may not be covered. For example, if your slanderous statement was related to a business that is owned by you. You may not be covered if your policy was not active at the time the slander occurred. You make a false statement intentionally that defames someone.
If you have additional questions about your umbrella insurance policy, contact Land Home Insurance Services. Give us a call today.