Final answer:
Yes, a personal umbrella policy may cover libel and slander.
Step-by-step explanation:
Yes, a personal umbrella policy may cover libel and slander.
Though it may not be specifically mentioned as a covered peril in every policy, personal umbrella policies typically provide coverage for personal liability, which includes claims related to libel and slander.
This coverage is in addition to the liability coverage provided by a homeowners or renters insurance policy.
For example, let's say you posted a negative review of a restaurant on a public forum, and the restaurant owner accused you of libel. If you have a personal umbrella policy, it may help cover the costs associated with defending against the claim and any damages awarded.