Protecting your equity from lawsuit damages
Southern California has become a land of paper millionaires, thanks to extraordinary housing appreciation. Nowadays, there’s more to lose if someone sues.
Homeowner’s and auto insurance policies cover only so much. A major tragedy or catastrophic accident threatens a financial nightmare. What’s at stake? The biggest asset of most homeowners — the house.
“We live in a very litigious society,” said Tully Lehman, of the Insurance Information Network of California.