With the internet becoming accessible to more and more people every day, the number of people using social media websites has ballooned over the past few years. However, despite such common use, the risks of social networking are still not understood by people. Whether you are using Facebook, Twitter or any other social network, you have to be careful about what you say and write online.
A New York teenager actually filed a lawsuit against her classmates and even their parents in 2009. Her allegation was that her classmates had been degrading and harassing her on a Facebook forum. So, the teenagers and parents who were sued would have to seek legal help at their own cost to counter the claim made against them.
It is popular belief that a normal homeowner’s insurance policy will provide coverage if such a situation occurs. Though, this may not be true. The policy would cover injuring someone or causing damage to someone else’s property. There is a clear cut definition for bodily injury as well as property damage. Making defamatory statements or harassment is not included in either definition, so it is probable that the policy won’t cover social media posts. Simply speaking, hurting someone’s feelings through social networking won’t be covered by a standard homeowner’s policy.
In such a scenario, you need a personal umbrella policy. When you face a loss which exhausts the liability insurance coverage amount under a standard homeowner’s policy, a personal umbrella policy would provide supplementary insurance. Considering the fact that a personal umbrella policy could save a person from financial ruin, the deductible of $250-500 seems reasonable.
It is time that people start weighing their words carefully before writing them down as none of the social networking websites are immune to the risk. It is advisable to consult an insurance professional and discuss whether obtaining an umbrella insurance policy is a good idea for you.