Quote:
Originally Posted by Ken / Claudia
Umbrella insurance is amust if you own anything of value that you want to keep in case of lawsuits. Too many feel if their injured or have property damage, they won better than a lottery ticket. And many lawyers happy to file and proceed without payment until or if they win as long as they get 30 to 40 percent of the settlement.
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This is 100% correct. Lawyers look for cases like this and will handle with no money up front and take 40% of any settlement. A lot of times they will also include their legal fees in the lawsuit which means that if you settle for any amount, you as the defendant, are on the hook for all of the legal fees.