What Homeowners Need to Know About Liability Insurance

Personal liability insurance is part of standard homeowners policies. It may help cover costs if you or a household member is found legally responsible for bodily injury or property damage to others.

What Does Personal Liability Insurance Cover?

Personal liability insurance may cover a wide range of situations, such as the following:

• Someone trips on a loose rug and suffers an injury while visiting your home.

• Your child accidentally damages school property during an extracurricular event.

• Your dog escapes the yard and bites a passerby.

• A tree on your property falls, damaging your neighbor’s fence or vehicle.

• A guest slips by the pool or gets injured during a social gathering at your home.

• You or a family member accidentally break furniture at a friend’s residence.

Like most policies, personal liability insurance doesn’t cover everything. Liability insurance won’t pay for damage to your property or injuries to people living in your household. It also won’t apply to incidents related to business activities conducted from your home unless you carry additional coverage.

Depending on the policy, homeowners insurance may have exclusions, such as the following examples:

• Coverage for certain dog breeds or those with a prior history of aggression

• Damage due to an “act of God”

• Injuries on your property due to failure to meet safety guidelines, such as fencing, non-slip surfaces and locked gates near a pool

• Intentional damage to someone else’s property

Your agent can help clarify how your coverage may apply in various scenarios.

How Much Does Coverage Cost?

Since personal liability insurance is included in your homeowners policy, you won’t have a separate premium for it. However, the amount you pay can vary based on various factors, including the location of your home, the size of your property and the amount of liability coverage you choose.

Get Covered Today

The insurance professionals at Vim Rise Financial Services LLC can help you get appropriate coverage. Contact us today to learn more.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.