Things Do Happen

I’m a little squeamish about telling insurance horror stories because trying to motivate thru fear isn’t cool.  Unfortunately, bad things do happen and giving real-life examples of everyday scenarios that put wealth at risk can be a good counterpoint to apathy and an unwillingness to believe that anything bad will ever happen.

So here are just three actual claims where, had the families not carried a sufficient umbrella, they’d be liquidating other assets to satisfy a judgement of negligence.

A babysitter left a 5 month old infant unattended in a walker. The infant toppled the walker, struck her head on the floor and suffered brain damage. The parents of the infant sued the teenage babysitter and her parents. The court awarded the infant’s parents $11,000,000.

An insured’s daughter hated math class as well as the teacher. The daughter made several “disparaging” and false remarks about her teacher online. The teacher sued the parents for personal injury and $750,000 was paid.

The insured’s tenant claims she became ill from carbon monoxide poisoning resulting from a faulty furnace. The tenant claimed permanent brain damage and demanded $750,000.

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