{"id":72,"date":"2024-12-23T04:00:00","date_gmt":"2024-12-23T10:00:00","guid":{"rendered":"https:\/\/www.kinowskiagency.com\/blog\/?p=72"},"modified":"2024-12-22T14:15:43","modified_gmt":"2024-12-22T20:15:43","slug":"can-i-use-umbrella-insurance-for-a-lawsuit","status":"publish","type":"post","link":"https:\/\/www.kinowskiagency.com\/blog\/can-i-use-umbrella-insurance-for-a-lawsuit\/","title":{"rendered":"Can I Use Umbrella Insurance For a Lawsuit?"},"content":{"rendered":"

One of the most valuable insurance policies you can have is umbrella insurance. This policy provides a high level of financial support for your personal or commercial assets when supplemented with umbrella insurance.<\/p>\n

Understanding Umbrella Insurance<\/h2>\n

Essentially, umbrella insurance is an extended liability policy that can be as extensive as you need it to be, depending on the value of your assets. The purpose of this policy is to step in when the primary liability coverage is exhausted. You can add this to several primary policies, including homeowners insurance and commercial insurance.<\/p>\n

Can Umbrella Insurance be Used for a Lawsuit?<\/h2>\n

Suppose you are taken to court, sued, and found guilty of things such as defamation, libel, or slander. In that case, your umbrella insurance policy will step in and cover any damages you are responsible for due to the court hearing. These funds can also be used to cover legal fees for the other side, and court costs associated with the case. This policy will protect your personal or commercial assets so that you can continue living your life after the case.<\/p>\n

What About Criminal Cases?<\/h2>\n

If you are being tried as a criminal and there is proven malicious intent to harm someone, your umbrella insurance will not cover the expenses, and your assets will be frozen to cover these expenses. Anything that can be liquidated, including property, accounts, and vehicles, will be sold until the payment is made to the other party.<\/p>\n

It is vital that you build a large enough umbrella insurance policy so that everything you have worked for is protected in a lawsuit. If you have more questions, please get in touch with our agents at Kinowski Agency Inc. for more information. We proudly serve clients in or around Amsterdam, NY with their insurance needs.<\/p>\n","protected":false},"excerpt":{"rendered":"

One of the most valuable insurance policies you can have is umbrella insurance. This policy provides a high level of financial support for your personal or commercial assets when supplemented with umbrella insurance. Understanding Umbrella Insurance Essentially, umbrella insurance is an extended liability policy that can be as extensive as you need it to be, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[13,14,18],"class_list":["post-72","post","type-post","status-publish","format-standard","hentry","category-umbrella-insurance","tag-amsterdam-ny","tag-kinowski-agency-inc","tag-umbrella-insurance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t