Media Insurance Scam: Million-Dollar Lawsuit Coverage Excluded

Coffeezilla was scammed for a million dollars by an insurance policy that excluded coverage for defamation claims.

### Coffeezilla's $1 Million Insurance Scam: How a YouTuber Got Duped
* ☂ ️ Coffeezilla, a YouTuber known for exposing scams, thought he was covered by a $1 million insurance policy for defamation lawsuits, but was shocked to find out his claim was denied due to a **hidden exclusion**.
* 💸 The insurance policy excluded coverage for defamation claims, the very reason he had purchased the policy in the first place.
* 🔍 The exclusion was buried deep in the policy's fine print, and Coffeezilla's broker failed to inform him about it, leading to a situation where he was **paying for insurance that didn't actually protect him**.
* 📈 As Coffeezilla's channel grew, the insurance company deemed it riskier and **significantly increased the premiums**, making the discovery of the exclusion even more **devastating**.
* 🤝 The broker, upon learning about the denial, admitted in writing that they were not aware of the exclusion, and **pointed fingers at the underwriter for not disclosing it**.
* 🏛 Coffeezilla is now considering legal action against both the insurance company and the broker, as he feels he was **misled and scammed out of potentially $1 million in coverage**.
* 👕 To recoup some of the losses, Coffeezilla has launched a merchandise campaign, urging his followers to **support him by purchasing shirts** from his store.
* 🤔 The incident has sparked discussions about the insurance industry and the importance of **thoroughly understanding policy terms**, as many people have shared similar stories of feeling **betrayed by their insurers**.

I got scammed for a million dollars, and here's my story. You may have seen the video on my main channel where I talk about how we should have been covered up to a million dollars for this lawsuit against Logan Paul because we have what's called media insurance or errors and omissions insurance. The reason I got this, the reason most media companies get this, is because of defamation lawsuits, especially if you're going to do original reporting on very rich people and accuse them of things like scamming. You know, people don't take too kindly to that, and many times they will threaten to frivolously sue you. Sometimes they even will sue you, and you have to be prepared to defend yourself. It's very expensive, and so you want some way to do that so you can get insured for that. You can get insured for defamation, and we've actually used the same type of defamation insurance or errors and omissions insurance to cover ourselves before and successfully done that. This time we thought it would be no different. So when we got sued, I saw a lot of

great like support from people saying look I want to help. I want to help you kind of like you know. You should do it GoFundMe or whatever. And I said to myself well look I don't want to do that because I don't need it. And many commenters knew that I had insurance and they said hey he doesn't need it don't worry. He's got this s's no missions insurance. I was like yeah you're right you know that's true. Uh except then I called my insurance company to put in a claim. I'm like yo knock knock. We've been paying you thousands of a year why not. Uh time for you to pay up. And they promptly called back. They're like uh actually no no we're not going to do that because in the fine print of our policy your new policy. We've excluded ourselves from defamation claims. So I was confused. I was like wait but I the whole reason I got this was defamation. And they're like yeah and I'm like well what does this cover if not defamation

they're like well errors and omissions, and I'm thinking what you see, what do you call errors and omissions in media, you call it defamation. I mean if, if, if CNN goes on and they make an error about some random person, that person's not going to sue them for the error, they're going to sue them for defamation. Um, so I was confused. I was like wildly confused. I go to my policy, I'm like shocked to find, yeah, okay, sure enough, yep, you guys are excluded from defamation. And I'm like, how did this happen? So that requires the full. So that's the tldr. Scammed for a million bucks. I, if they had paid out the whole claim, right, like that's obviously a big part of this. Ultimately, we paid like, I think during the lifetime of this insurance, we probably paid like a few tens of thousands of dollars to this insurance. So it hasn't been cheap to pay for insurance that ultimately did nothing. So we at minimum got scammed for that.

amount. If you actually look at the total policy, um, we had, it was up to $1 million. So, I don't think it's a stretch to say we got scammed for a million bucks. But, um, the full story, I think, is even more interesting. So, initially, we had gotten a message from, um, another YouTuber who had just been in a lawsuit. This is how we started getting into this whole thing. And they told us, Look, dude, I just paid a quarter of a million. We were small at this time. He goes, I, we, I just got paid a quarter of a million dollars to fight this lawsuit. I'm in the right. It's totally frivolous. This guy knows it. You need to make sure you get this thing called errors and omissions insurance so you can be protected like I wasn't. So, um, we were a small channel and, relatively, the insurance was going to be very expensive for us. But I appreciated that and I thought, you know, that's really wise if this channel continues in a certain direction in the type of content that I

want to produce we need to have this so we found a broker who kind of advertised himself as like look every YouTuber needs defamation insurance um if they're going to be publicly talking about news about like different topics so we get a hold of this guy and we say hey we want that so he goes great so he shops us around some insurance and we pretty immediately find some carriers who willing to take us because at the time our channel is much low uh smaller and I would just say it's like less risky so to speak because the smaller you are the less people are going to see it I it's just not as big of a risk so we get we get covered and in 2019 or 2020 we get our a seasoned assist letter from Dan lock okay I'm just trying to remember the year I'm not so clear about the years but I just remember we got a season assist from Dan lock it was one of our first and the guy shot up at our house really freaked us out he's like

hey, are you blah blah blah? I'm like, yes. He's like, ah, you know, not, you've been served, but like, here, this is, you know, aha, we got you. So I'm reading the cease and desist letter. It's very, like, angry, you know, lawyers use that language like, you have to respond, like, da da da, we're going to take, very, you know, heavy legal action against you. So we were freaked out. So I called my, uh, insurance and I was like, ring, hey, we're getting a cease and desist for defamation, can you help? They're like, yep, we cover that, that's the whole point of the stuff, that's why you got it. So we're going to, uh, get you a lawyer. So we got a lawyer, we fought the cease and desist. It ultimately turned into nothing. In fact, most cease and desist letters turn into nothing, but we were relieved, we were like, okay, great, this stuff works, it's very glad we have it. So we go the next year and it gets more expensive, significantly more expensive, this type.

of insurance because as you use it, they're like, Well, you're a risk now. Now that you've used the thing you paid for, we have to charge you a lot more for it. It's maybe like getting into an accident with car insurance, but what I find a little unfair about this is we did nothing wrong. Like, we didn't do anything. In fact, our claims, I think, were fair, and I don't think they were defamatory at all. But either way, the price goes up. We're happy to pay. We're like, Sure, we don't care. As the years go, our channel starts getting bigger, and the channel from an insurer's point of view gets more risky, right? They're like, You're bigger, you get more views, therefore more eyeballs see it, you need to pay more money. Always happy to do that, fine, whatever. At one point, the insurance company we had been using says, Okay, you know what? We actually don't want to do this anymore for whatever reason. You're not being renewed this year. So we go to our insurance

broker and we're like, okay, what do we do? He's like, well, I can shop you around a bunch of more policies. What do you want? And we're like, well, we just want similar coverage. He goes, great. So he goes around. They work with a bunch of people, and they're like looking for a while. We can start getting nervous. We start getting close to the deadline of when we have to renew. And because it's kind of a big deal, you don't want to lapse your coverage because then you say something it's not covered, whatever. So, finally, we're getting down to the wire. He's like, look, you know, I do have this one insurance company we can go to. I don't know, kind of like, eh, we can go to them. So we're like, yeah, dude, well, anything. Finally, he comes back. He goes, great news, they're going to do it. And we're like, oh, awesome. Is it more expensive? He's like, yeah, it's like, like 40% more expensive. We're like, we don't care, that's fine.

we'll pay it so he goes great uh sign this whatever and we're good. So we sign it and we're like great. Little did I know these guys had put um a special exclusion. Two exclusions actually that are relevant. Uh, the biggest one in this policy was on page like 31 and it said you know we are excluded from covering. It's all these things they won't cover. Um, they're like we won't cover defamation. Now that's the only reason we're buying the insurance but we don't see it. Now there's a lot of like whose fault is this. Is this the fault of the underwriter for not flagging it. Is it the fault of our broker for not telling us 'cause he's the expert. Is it our fault for not reading the whole all 50 something pages of the contract. We're not insurance experts but should we have read it. Should we have hired a lawyer, right. I'm not going to get into all of that in this video. The point is there is this um, there's this exception in the fine.

print that we never hear about, and there's also an exception from what they call like digital assets. Like it's like they're excluded from covering it if it's about digital assets. Now if you seen my content, all the videos are well not all of them, but a lot of videos are about some type of digital asset. So it's like they wrote a policy, charges 40% more, and then every single part of the policy is like just drawing a box where it's like we won't cover anything that this channel talks about. So anyway, I mean I guess that's good business for them if they can get people to sign it. And it was sent to us by our broker. They're like, they're like, Yeah, this is the only guy that'll cover you. Here's the only thing you can get. We're like, Okay, great. So we pay for this for like two or three years. I forgot the exact. I have to pull up the exact emails of like when we first signed with

these guys but um we pay like tens of thousands of dollars for this insurance that does not cover us after so now the whole Logan Paul stuff happens. We call our broker, they say no no no no. Uh call our broker, they file with the insurance company. The insurance company says no we're not going to do that. The broker starts freaking out. It's the first time they've heard of this, they had no idea. This is all in writing too, like it's actually crazy what they put in writing. They're like yeah we had no idea that this was part of the thing, we didn't know. So um yeah that's the that's the full story of what happened. I mean it's kind of tough because by the letter of the policy it's kind of like did the insurer do anything? I mean they just offered us a deal and we took it. So it's more like okay well the broker anyway we're talking to like people cuz we're like dude how can we pay tens of thousands of

dollars for insurance that doesn't insure the thing. We paid a broker to find us. It's like paying a broker to find you car insurance. And then they like sell you like car insurance that excludes any type of accident that includes something with four wheels like that. That's literally what this is like. But now we're in this crazy position where we're having to like talk to lawyers about if we need to like lawyer up versus the insurance company that's supposed to be paying for our lawyers in the other CA. Like it's so stupid. We're now having to be like wait no I think you scammed us. I um also to the broker like we're in this ridiculous situation where we should have had insurance to protect us if our insurance didn't pay up. Because now we got to talk to all these other lawyers too um yeah. It's so frustrating. And by the way not only are we now having to look at all our options for what to do about all this um I have to read you this dude. The

broker not only admitted he didn't know what was in the policy, he put in writing that the underwriter didn't know what was in the policy. So he says the quote an email from blank never mentioned that this exclusion was being, uh, removed. It's not common for agencies or underwriters to read through every line and exclusion of every policy we received. So while we could have checked the policy to see that defamation was excluded, some fault lies with the carrier for not disclosing this to us when it was quoted. What? So they're just pointing fingers at each other, but the person actually affected is us. So, um, and then, and then they also say they not only didn't know what was in my policy, they have apparently sold, may have sold this policy to other people. Uh, in another email, they say it looks like it's going to have to go up the ladder at the insurance company to find out why this wasn't disclosed to us earlier, uh, that this exclusion was in there. I've been told by the underwriter that this has his full attention. I think he might.

be really concerned because they have a few other accounts with this insurance company, and if this exclusion is on all of them, then it's going to represent a larger problem for their business. So this may have been sent to tons of people who think that defamation is excluded for them as well, and it like actually isn't. I just think it this is so crazy to me that we're um in this situation, but you know, uh, we are, and ultimately now we're selling shirts. I mean, that's how we got here, that's how we got selling this very cool, very nice shirt that you should definitely buy, uh, because I haven't even calculated how many shirts I need to sell to make up for this, but it's a lot, okay? So if you could help out, that would be very appreciated. Pre-order is for 14 days, I believe. We got this shirt, we got a lot more. You can go check it on the website, Coffeezilla Store, but either way, that is the story of how I got scammed.

yes me coffeezilla got scammed for a million bucks. We got Dylan Danis. We got fine printed, whatever you want to call it. Tough man, tough. Let me know if you have a similar story in the comments below because a lot of people I've talked to actually are like, Yeah, I've had the same experience with insurance. Not media insurance, but they're like, 'Yeah, I had paid for insurance that ultimately, I guess that's their job, is to not pay.' Like, they don't obviously, they don't make money from paying out a million dollars on a policy that they maybe got paid like 30k for, so they make money from not paying out claims. So I'm interested if you guys have stories below of times where you had something similar happen in your life. I want to know about it. Either way, thanks for watching. You can appreciate a little um, uh, pain at my expense. I'm laughing because we've, I've had a little bit of time to process this. It's almost been a full month now.

so sitting with this. Oh, actually a little over a month, so I can appreciate the irony of the situation. But when it first happened, let me tell you, I was not happy. I was sending some very angry emails. I was like, and yeah, that's basically it. Uh, don't forget, go get yourself a shirt, you know, thank you, Coffeezilla. I'm suing. I really, really got to sell shirts now. All right, goodbye.

i got scammed for $1,000,000

for other things that don't fit the main channel. 
if i had more time, I'd have made a shorter video.


voidzilla

Insurance Scam: A Million Dollar Deception

The speaker expected their media insurance to cover a million-dollar lawsuit, but the company refused to cover defamation claims, leaving them shocked and feeling scammed.

Despite paying tens of thousands of dollars for the policy, it ultimately did nothing to help them in their time of need.

The YouTuber was advised to get errors and omissions insurance for protection against lawsuits, costing them up to $1 million.

They were targeted with a cease and desist letter, but their insurance covered the legal expenses, which ultimately led to nothing.

The cost of the insurance significantly increased in the following year.

Unfair Insurance Price Hike and Coverage Exclusion

The speaker's insurance company raised the price by 40% and excluded coverage for defamation, despite their fair claims.

They struggled to find a new policy before finally accepting one at a much higher cost.

The new policy included a special exclusion for defamation, raising questions about fault and the need for legal review.

Insurance Dilemma with Digital Assets Coverage

An insurance policy excluded coverage for digital assets, significantly impacting the content creator's business.

The broker had no prior knowledge of the policy's limitations, leading to a tens of thousands of dollars insurance that didn't provide the expected coverage.

Now, the content creator is forced to consider legal action against the insurance company for not fulfilling their obligations.

Insurance Policy Confusion and Finger-Pointing

The broker and the underwriter are blaming each other for not disclosing the policy's exclusion of defamation, leaving the affected party in a difficult situation.

The underwriter is now giving the issue attention as it may impact other accounts with the same exclusion.

To make up for the situation, the affected party is selling shirts and seeking support through pre-orders.

Coffeezilla's Experience of Being Scammed for a Million Dollars

Coffeezilla shares his personal experience of being scammed for a million dollars and expresses his frustration with the insurance company's practices.

Many people can relate to his experience of insurance companies avoiding payout, leading to a discussion in the comments.

Despite the ordeal, Coffeezilla maintains a sense of humor and invites viewers to support him by purchasing his merchandise.