When you get homeowners insurance, your policy will offer you and the members of your household personal liability coverage.
Here are three ways that your personal liability insurance will protect you.
- Asset Protection
Your personal liability coverage is for both current and future assets. For instance, if you accidentally cause injury or damages to another party, the affected party can sue you for their losses.
Without personal liability protections, the lawsuit could compromise your savings, holdings, and other assets.
Luckily, with the right liability insurance in place, your policy will offer enough coverage to pay for your legal and settlement costs.
- Family Protection
The personal liability coverage included in your homeowners insurance policy will extend to cover everyone living under your roof.
This liability coverage travels with the members of your household, ensuring they are covered both on and off your property.
Your personal liability coverage will even kick in and assist you for accidents that take place due to your negligence.
- Pet Protection
Your personal liability will also include coverage for the liability issues that your family pets might cause.
For instance, if your dog bit a neighbor or caused damage to another’s property, your liability insurance coverage would help with medical expenses or repair costs.
Just be aware that certain breeds of dogs are specifically excluded from coverage under your homeowners insurance policy.
Speak to your insurance provider to make sure your furry friends are covered under your liability insurance.
Do you have further questions regarding the coverages included in your homeowners insurance policy? If so, contact the team at John Scott Insurance. We are ready to assist you with all your personal coverage needs today.