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UMBRELLA LIABILITY INSURANCE - Insurance Lead Conversion Video | WebPrez

Name: UMBRELLA LIABILITY INSURANCE - Insurance Lead Conversion Video | WebPrez
Uploaded: 2019-08-14T20:44:21+00:00
Duration: 1 min 1 s
Channel: Michael Viñal
Description: The speaker highlights the high prevalence of civil lawsuits in the United States, citing that 1 in 12 Americans are sued each year and a lawsuit is…

14 Aug 2019 · 1 min

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1:01

The speaker highlights the high prevalence of civil lawsuits in the United States, citing that 1 in 12 Americans are sued each year and a lawsuit is filed every 30 seconds. They explain that even when individuals are not directly at fault, they can still be held liable for injuries or damages caused by guests or other circumstances. The potential costs of defending against a personal injury lawsuit—including legal fees, medical expenses, lost wages, and pain‑and‑suffering damages—can reach hundreds of thousands or millions of dollars. The speaker positions auto and home insurance as the first line of defense against such financial exposure, setting the stage for discussing broader coverage like umbrella liability insurance.

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According to the Insurance Information Institute, every year 1 in 12 Americans will be sued. In fact, a civil lawsuit is filed in the United States every 30 seconds. We live in a litigious society, and there are plenty of attorneys who specialize in filing lawsuits on behalf of victims who are physically injured or financially damaged, even when we are not directly responsible for the cause. Like a guest who leaves your home after having a few cocktails and gets into an accident. So no matter how careful you try to be, you may one day be sued, and the cost to defend yourself against a personal injury lawsuit, plus the expense of a civil judgment or settlement, including medical bills, legal fees, lost wages, and compensation for pain and suffering, can amount to hundreds of thousands or even millions of dollars. Of course, your first line of defense or protection is your auto or home insurance.