Personal Liability: Protecting Yourself Financially
Personal liability coverage is a crucial home insurance coverage and comes standard with homeowners policies. This coverage helps protect you if someone, who isn’t a resident of your household, is injured while on your property and you’re found legally responsible. It also helps protect you if you’re found responsible for damaging someone else’s property. It even helps cover the costs of a lawsuit if you are found responsible for injuring someone or damaging their property while you are away from your home like at a golf course or a park.
Determining Your Personal Liability Coverage Limit
Personal liability comes standard with homeowner policies. In case of a covered loss, it helps protect you against damages you might incur such as medical expenses, lost income, pain and suffering, legal expenses, and court costs.
Insurance Coverage availability varies by state.