Umbrella insurance in Pittsburgh, PA, is designed to provide additional liability protection for your assets. It’s common to see your assets come under threat during a divorce, but can an umbrella policy help?
Legal Defense
In liability situations, this policy can help pay for a legal defense. Unfortunately, it won’t cover the cost of a divorce lawyer. No will it cover expenses such as mediation to divide your assets. An umbrella policy will only pay for things related to a liability lawsuit, not things related to your divorce. An agent at Daniel Carinici Agency LLC can explain.
Additional Exclusions
There are several aspects of a divorce, and your umbrella policy can’t help with most of them. It won’t help with custody disputes, and it can’t ensure your assets are kept in your name. Instead, you’ll have to go through court to divide your assets and get a lawyer. Your policy is designed to shield you from lawsuits, not ex-spouses.
Liability Lawsuit
However, if you find yourself facing a lawsuit from your soon-to-be ex, your umbrella policy can provide valuable protection. You may face a lawsuit for something like emotional damage, defamation, or misuse of marital funds. In this situation, a policy can help cover the cost of a lawyer as well as a judgment against you.
It’s important to note that this will be treated separately from your divorce. You may have one legal team for your divorce and another for the lawsuit. An agent at Daniel Carinici Agency LLC can help you explain how this policy will work if you’re in the middle of a divorce.
We understand that divorce can be stressful and expensive. Our agents will listen to your entire situation to determine if your policy can help you. Contact us today to learn more. We’re currently serving the Pittsburgh, PA, area.
