Personal Liability Insurance: Where Does it End?
Making sure your home insurance covers damaged property may be priority number one, but insuring your family's personal liability is an equally important part of the insurance coverage for your home. Consider the following tips for securing your family's personal liability protection:
Why Do You Need Personal Liability Protection?
This is the part of your house insurance that protects you and the family members living with you against a claim or lawsuit resulting from bodily injury or property damage to others for which you are legally liable.
For example, if someone trips and falls on your property and you are found legally liable for that person's injuries, the personal liability coverage under the policy will pay up to the policy limit. This coverage is especially valuable for policyholders with children or frequent guests.
Check Those Limits!
Do you know what kind of injury someone will sustain on your property? Do you know what kind of damage you or a family member may unintentionally cause to someone else's property? Of course you can't predict the severity of a personal liability claim and for this reason; higher limits of liability are always recommended.
What Types of Personal Liability Claims Are Not Covered?
The personal liability coverage in your house insurance will not pay for any liability resulting from an automobile accident --this likely will be covered by your auto insurance policy. It will not cover bodily injury or property damage caused intentionally by you or resident family members or injuries or damages sustained by you, your resident family members or personal property in your home.
In addition, certain business activities are not covered for liability under your house insurance. Before purchasing house insurance, contact your insurance company for important information about liability exclusions and coverage limitations.
Medical Payments Coverage
The insurance company that provides your house insurance may give you the option to purchase Medical Payments coverage. Often called "goodwill coverage," Medical Payments coverage will pay the medical expenses of someone accidentally injured on your property up to the policy limit regardless of fault.
See how much you could save today on your home insurance. Get your free home insurance quotes today!