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Updated almost 4 years ago on . Most recent reply

User Stats

9
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1
Votes
Robert Berth
1
Votes |
9
Posts

Will Umbrella Insurance cover this sutiation?

Robert Berth
Posted

Hi all, I'm reviewing my insurance for my home and rental property and considering adding umbrella insurance. I can't seem to find the answer to this question, let's pretend I have tenants that for whatever reason disagree with regarding late fees I imposed for paying their rent late, or they broke their lease and I charged the early termination fee, all within the contract but they still want to go to battle for it. We get into an argument and I get sued. 

Will my liability and/or umbrella insurance cover my legal fees and potential judgment against me?

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