Liability Insurance

When you purchase a homeowner's insurance policy, personal liability insurance is typically included. This type of coverage can help protect you if someone is hurt in an accident in your home or on your property. Carrying this coverage means that you may not have to pay out of your own pocket if someone is injured.

Liability insurance may protect you from having to pay out of pocket for:

  • Medical Bills: Even if a person injured in your home has health insurance, you could still be deemed responsible for their medical bills if that accident was a result of your error or negligence.
  • Pain and Suffering: If the person injured on your property they may experience pain and suffering that you could be held legally liable to compensate.
  • Wages: If the accident results in time off work, you may be held responsible to pay for the person's lost wages.
  • Death Benefits: In the unfortunate instance that someone dies as a result of injuries sustained on your property and you are found to have been negligent in some way, you could be sued for wrongful death by the victim's family.
  • Legal Costs: If you are sued as the result of an accident on your property, liability coverage could pay the legal costs associated with the court action.
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If you are interested in learning more about liability coverage or what type of coverage is required by your mortgage holder, speak with your real estate agent. Your agent can provide you with more information about ensuring that you are adequately covered.