Quote:
Originally Posted by rubicon
The discussion of "being judgment proof" is a big issue of discussion in lawsuits. essentially the courts do not want to see people who otherwise are self sufficient end up on the dole.
the bigger issue sometime are punitive damages ( punish the defendant) rather than compensatory( expenses , wages, physical/psychological injury)
creating a trigger for an Umbrella
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Most policies do not coverage for punitive damages and in addition, they exclude providing a defense for claims alleging punitive damages. In addition, in Florida it is against public policy to provide coverage for such damages. See paragraph 4 in the link.
“Damages” Does Not Include Punitive Damages; Insurer’s Duty to Defend Ends Where Complaint Seeks Only Punitive*Damages - Executive Summary - Wiley Rein LLP