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7 February, 2019 0
understanding your personal liability protection

What You Should Know About Your Home Liability Insurance

Understanding your personal liability insurance needs.

Liability claims are among the most serious and expensive that a homeowner can face.  This is why it’s so important to make sure that you have the proper personal liability insurance in place.  While most people have liability coverage through their homeowners insurance in Los Angeles, California, many homeowners do not fully understand what this coverage can do for them.  To help you better understand your personal liability insurance, here’s what you need to know.

What is personal liability?

Personal liability refers to your legal obligation as a homeowner to ensure that your home and property are safe.  Because you are responsible for your property’s safety, you will be held accountable for the accidents, injuries, or property damage that take place on it.

What does my personal liability insurance do to protect me?

The liability portion of your homeowners insurance policy is designed to protect your financial assets in the event that someone is injured or sustains damage while on your property.  This insurance coverage will also kick in if you or a member of your household is held responsible for causing injuries, damages, or other losses to another individual.   Your liability insurance will provide coverage for third-party medical treatment, property repairs, and the cost of your legal defense if the affected party decides to sue.

Do I have enough personal liability protection?

Because your liability insurance is meant to protect your financial assets, your coverage limits should be high enough to protect the value of your checking and savings accounts, your investments, your retirement funds, your valuable personal property, and any properties (including your home) that you own.  Oftentimes, the coverage offered by standard home insurance policies is not enough to fully protect a homeowner’s assets.  If this is true for you, then you can secure the additional liability coverage that you need with a personal umbrella policy.  These policies offer excess liability protection that extends past the existing coverage limits of your other personal policies (home, auto, etc.).  Securing umbrella insurance is a great way to get the comprehensive liability protection that you need.

These are some of the things that you need to know about your personal liability coverage.  Do you have additional questions regarding your liability or homeowners insurance in Los Angeles, California?  If so, then contact the experts at Fuller Insurance Agency in Southern California.  We are ready to assist you with all your coverage needs today.

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