Liability coverage is an important part of your home insurance policy. Liability insurance protects you against accidents that may occur while people are visiting your home. If a visitor trips over your pet and sprains his ankle, you could be held responsible. Liability coverage protects you against being sued by covering your visitor’s x-rays and other medical costs. Here are a few ways personal liability insurance from Insurance Solutions Inc. in Cullman, AL can protect your assets.
Covers Medical Costs and Lost Wages
If you’re constantly inviting friends over for dinner or hosting holiday parties, liability coverage is a must to protect yourself against accidental injuries that may occur on your property. Accidents happen all the time, leaving you at risk of being sued for damages. Liability insurance helps cover medical expenses, property damage and lost wages of people who have accidents on your property (if the accident leaves your visitor temporarily incapable of working) to protect your assets.
Protects You against Lawsuits
Liability insurance also covers legal expenses if a visitor decides to sue you for damages after having an accident on your property. If you’re found liable for the accident due to negligence, your liability coverage will help cover settlement costs, up to the limits of your policy. A serious accident could deplete your savings if you had to pay for damages out-of-pocket. Smart homeowners will be prepared with adequate insurance coverage.
Provides “Away from Home” Protection
Liability insurance can even protect you when you’re traveling by paying for damage you cause to other people’s property. If, for example, your children accidentally damage the flat-screen TV in the hotel you’re staying in while on vacation, liability coverage can help cover repair or replacement costs.
To learn more about personal liability coverage and the protection it has to offer, contact Insurance Solutions Inc. in Cullman, AL.