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Updated almost 4 years ago, 02/26/2021
Will Umbrella Insurance cover this sutiation?
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?