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Updated over 7 years ago on . Most recent reply

User Stats

93
Posts
23
Votes
Sonu Sharma
  • Investor
  • Frisco, TX
23
Votes |
93
Posts

Umbrella policy for a sold home

Sonu Sharma
  • Investor
  • Frisco, TX
Posted
I have an umbrella policy as an add-on to my auto policy to cover for my rentals. However, would anyone know if the same umbrella policy covers for properties once I sell them ? Asking as I heard that the buyers can sue the seller for certain issues after the sale. This happened to a person that I know who got sued for foundation issues a year after the sale although the case was withdrawn later by the buyer. I wanted to see how we could protect against such liabilities once we do not own the home.

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