Homeowners insurance is usually designed to help restore or replace your home and property if some insured risks, such as fire or robbery, harm them. If a guest is injured in your house, and you unintentionally harm the property of another party, most homeowner policies also provide liability coverage.
The homeowners’ insurance personal liability section of the policy protects you from other people’s claims against you. It will provide coverage for injuries sustained by visitors on your property, property damage that or your family members may cause, damage or injuries caused by pets.
Liability insurance coverage pays the cost of defending you from a claim and any costs you were ordered to pay by the jury. There is no cap on homeowners’ liability insurance as opposed to other types of coverage.
A standard homeowner’s policy offers a limit of $300,000 for injury or property damage; but, with extra premiums, the cap may be increased. The majority of policies have coverage of medical payments to reimburse you under a liability claim for basic medical bills (if your dog bites someone, for example). Standard limits are typically $1,000 or $5,000 for this type of coverage.
The amount of liability coverage needed varies based on what you own. It makes sense to buy enough to protect them. In today’s culture, litigation is common. See how much you would lose if a guest was hurt on your property and filed a lawsuit against you due to alleged negligence. How much could you lose if you or a member of your family unintentionally harmed someone, damaged their property or hurt others?
This information is provided by Miami insurance lawyer Alonso & Perez, LLP. Our areas of practice include bankruptcy, insurance litigation, foreclosure defense, immigration law, and more. Call 305-676-7545 to speak with a Miami insurance claims attorney and receive a free consultation We look forward to working with you.
This information is provided for educational or informational purposes only and should not be construed as legal advice. The information is not provided in the course of an attorney-client relationship and is not intended to substitute for legal advice.