What is the benefit of an umbrella or excess policy insurance company settling at mediation?

Mediation is often the better option when settling an umbrella insurance policy claim. Umbrella or excess policy insurance is a secondary type of liability insurance that covers a policyholder’s personal liability above and beyond the standard liability provided by the primary policy. It can cover multiple properties and cars depending on what coverage it offers. It is not a stand-alone policy and it provides added liability protection for lawsuits and claims that arise against the policyholder. It’s beneficial to settle a claim through mediation because the process is less time-consuming and usually less expensive.

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