Home liability coverage is commonly provided on homeowners Insurance policies. It is important that you know what it covers so that you can determine whether the limits are sufficient or if they need to be added to based upon how much protection you desire.
Anyone visiting your home has the potential to hurt themselves. Some of it may be as a result of negligence, while others may be due to a freak accident, such as slipping on ice near your sidewalk or tripping in a hole in your yard.
Regardless, you want to make sure that the home liability coverage is in place so that you can file a claim for the insurance company to cover the majority of expenses. Otherwise, you could find yourself spending a lot of money to make things right.
The coverage may be able to take care of such things as:
- Legal expenses
- Pain and suffering
- Medical bills
- Time lost from work
- Death benefits
While you hope that an accident isn’t too severe, or would potentially lead to death, it is important for you to have the protection because the bills could otherwise bankrupt you.
Think about it. Should someone decide to get a lawyer, it could result in tens of thousands of dollars in a pain and suffering settlement, and this doesn’t even include the medical bills that they still have to pay. You as the homeowner are the one held financially responsible if you’re found liable, and therefore the coverage needs to be there – or you could be in serious financial despair.
Contact one of our independent insurance agents at The Insurance Shop USA today to learn more about home liability coverage and how you can control the limits within your homeowner’s insurance policy in Rathdrum.