Umbrella insurance in Brandon, FL is designed to protect you from liability lawsuits. It can help cover the cost of legal defense or pay a settlement if there’s a judgment against you. However, there are certain situations where your claim may be denied. Here’s what you need to know.

Intentional Defamation

Defamation lawsuits can be complex when it comes to umbrella insurance coverage. A claim may be denied if the insurer determines that you intentionally made defamatory statements with malicious intent. For example, if you were trying to harm someone’s reputation, the insurer may reject your claim. If you’re facing a defamation lawsuit, it’s important to speak with an agent at a company like Runnels Insurance for guidance.

Claims Not Related to Liability

Umbrella insurance is specifically designed to protect your assets and finances in liability lawsuits, such as cases where someone is injured on your property and sues you. It does not cover other types of claims, such as property damage or your personal medical bills.

Policy Exclusions

Umbrella insurance policies often include specific exclusions. For example, personal policies may exclude lawsuits related to your business, while business policies may exclude personal liability claims. Some policies also exclude defamation lawsuits or claims related to professional services, such as legal or accounting work. Additionally, business policies may exclude lawsuits involving environmental issues.

Since exclusions vary by company, it’s essential to review the details of your policy. Speak with a professional representative at Runnels Insurance to learn more about the fine print. We believe in transparency, so you won’t face surprises if you ever need to deal with a lawsuit. Contact us today to learn more. We proudly serve the Brandon, FL area.