Personal Liability Insurance explained (Will Smith slap reaction video) 👋 - YouTube

Hi everyone, it's Larry welcome back to the  channel! I wanted to make this video as i  

received a few questions with regards to liability  insurance and with the recent case of the Will  

Smith attack against Chris Rock will slap whether  or not would liability insurance in general cases  

cover bodily injury or personal injury to someone  else so before we get into the information you  

could like comment and subscribe it definitely  helps the channel and i really appreciate it  

what is liability insurance liability insurance  is coverage that protects you from lawsuits  

from bodily injury claims personal injury  claims as well as property damage claims  

to a third party so for an example if you're  in an auto accident and you hit someone else  

and you cause bodily injury to that other  person they could potentially sue you and  

the other person is known as a third party so  if the other driver or the other person sues you  

that is known as a liability claim because  you caused an accident that caused someone to  

suffer bodily harm and in many cases outside  of the insurance or within the insurance  

if they try to file a lawsuit your liability  insurance would protect you from that situation  

the first coverage bodily injury that's going  to be in most cases bodily harm any sort of  

in things like if you hurt someone or any sort  of bodily injury that you call someone whether  

that be hitting them with the car or someone  come to your house and slips and fall etc  

the second example is property damage liability  this is if you cause an accident to someone else's  

property so for example the auto accident if  you damage someone else's car that is known  

as property damage liability your liability  insurance of your insurance policy will cover  

you to pay for someone else's property or  replace their property other examples could be  

if you accidentally damage your friend  laptop or you accidentally lost or damaged  

your friend phone cell phone they could  sue you for property damage liability your  

liability insurance and your homeowner's policy  would essentially cover you in those examples  

the third coverage of liability insurance  is personal injury now personal injury in  

terms of liability is any sort of damage to  someone's personal reputation for the most part  

so in this case we talked about Chris Rock  could potentially have a personal injury  

liability claim against will smith if what  happened to him actually impacted his reputation  

negatively and that also goes into the point  whether or not if he lost income from his work  

and wasn't able to actually get jobs or book new  comedy gigs as a result of what occurred so it's  

one thing of damaging someone else's reputation  but in doing so in most cases in doing so that  

person has to also suffer some sort of economic  impact from the reputational damage that you may  

have caused other parts of the personal injury  coverage is things like defamation of character  

slander so if you accidentally write something or  say something about someone else that's not true  

and that causes damage to their reputation  that's another example of personal injury  

and so looking at the uh the basically looking  at the situation with will smith and Chris Rock  

every state is important to know that every  state is different in terms of the liability  

insurance laws for that state  according to their state statutes  

this case happened at the oscars and i believe  it's California most likely it would fall  

underneath the California liability insurance and  state statutes i'm not an attorney by any means so  

if you do have a personal situation or personal  scenario it's really important that you consult  

with your insurance agent your insurance  company or even a legal representative  

but just in a general sense it's important to  know that for liability it does fall subject to  

each individual state and the laws of one state  might be completely different than the liability  

insurance laws in another state but we do know  that this happened at the oscars and in California  

one question is with regards to physical harm or  bodily injury we do know that there was bodily  

injury or bodily harm to Chris Rock from will  smith everyone saw it on live television and  

two is there a case for property damage most  likely no i don't and at least in the case  

of what we saw on tv there didn't seem to be  any sort of property that was damaged from the  

slap to Chris rock so for example if he had on  a maybe a Rolex watch or a very expensive watch  

and maybe the watch fell off or flew off from just  being very hypothetical here and then the watch  

was damaged that could be considered property  damage against other party in that case but  

from what we saw just from the eclipse there's not  really any there wouldn't be any property damage  

liability that Chris could probably claim against  will smith and then third is the personal injury  

so we talked about the defamation of  character things like reputational harm  

Chris rock could potentially have a claim for  personal injury against will smith for example if  

his reputation is damaged i guess at least from  what i've seen so far Chris seems to be doing  

fine thankfully as far as booking new comedy  gigs and i believe i read that he was sold out  

in a recent comedy gig and he seems to  be doing well but he could essentially  

down the line have some defamation of you know  character and he could suffer economic impacts  

that could be now or in the future and so that  could possibly be a claim he could have against  

will smith in terms of bodily injury liability  as well as personal injury liability now  

very important to know that part of any insurance  policy and most insurance policies there is  

exclusions and in this case the exclusions in most  cases will exclude any sort of intentional acts  

fraudulent acts or criminal acts so your  insurance policy will usually never cover  

any sort of damage that occur from an intentional  act so if you intentionally cause harm to someone  

else or you intentionally set your house on fire  that's can be considered an intentional fraudulent  

or even a criminal act and those are exclusions  in most insurance policies now the question begs  

whether or not will's attack or will slap against  chris was an intentional act did he intentionally  

intend to cause bodily harm to chris rock  and that's completely out of the scope of  

this video to the answer to that and that's  probably more for a lawyer or an attorney to  

decide on whether or not it was will smith's acts  were intentional but if it was deemed to be an  

intentional act to cause bodily harm to  someone else or in this case Chris rock then  

will smith's liability insurance policy could  deny that claim if Chris rock were to assume  

so it's really important to also understand  that the exclusions that might lie within a  

insurance policy there's for me there's not enough  information to really determine whether or not his  

policy should apply or if it shouldn't apply i  know we did the polls and a lot of you gave your  

feedback as to whether or not if chris walk were  to sue should will smith insurance policy cover it  

or should it not cover it some of you said maybe  the oscars liability or insurance policy or even  

they should just pay if Chris rock were to sue  etc and that's just a whole another scenario as  

to determine who's responsible or if there's a  proportionate share of responsibility or not but  

we may never even dive into that because  as we know at least as of what i've read  

today it doesn't seem that Chris rock  has pursued any sort of legal action or

actions with the authorities or anything like that  so unless that happens then i guess we would never  

really know how this would play out but it is  a good scenario just to know for your own lives  

or for just liability insurance in general  because we tend to talk a lot about property  

insurance and house insurance and things and  i think liability insurance it's kind of one  

of those areas that maybe we forget about but  can be most impactful and lawsuits today can be  

very expensive and the severity of a lawsuit can  be very high and so you want to make sure that  

you number one have liability insurance on your  policy and that you have enough limits according  

to your asset so that you are so if you are sued  hopefully you're never sued that you have enough  

liability protection to protect your assets and so  that your policy could cover that claim but if you  

have any questions i'll be interested in hearing  your thoughts on whether or not you think if there  

was a lawsuit if the insurance policy should  cover it or if it should not cover it and if  

you have any other considerations or thoughts that  i didn't bring up would love to hear those as well  

and put those down in the description but thanks  again for watching and see you at the next video!