Lottery Winners' Liability - Best Defense Against Frivolous Lawsuits is an Umbrella Insurance Policy
by Tino Sundin
Picture this scenario - You win the lottery and you start to buy the things you've always dreamed of. You buy a big, beautiful house, a new luxury car, a shiny yacht. You might say to yourself, "Forget about
insurance - If anything happens to my property, I have enough money to just replace it." This may be true, but you probably haven't considered liability, especially since you are rich and have just become a target for lawsuits, especially frivolous lawsuits. A good umbrella insurance policy would cover this.
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