When it comes to protecting your home, having a home insurance policy is an absolute must. Not only does it help protect your property against any potential damage – from fires or theft to natural disasters – but it also provides liability coverage, which can help cover some of the costs associated with people and property being damaged because of accidents that may take place on or around your property.
But how much do you really know about what liabilities your insurance policy covers? Here are three essential things homeowners should bear in mind when considering the scope of their policy’s liability coverage:
#1: Medical Bills for Injured Guests Covered
If someone who does not live in your household is injured on your premises, chances are the healthcare costs will be covered by your policy’s liability portion. This could stretch from a delivery person tripping on a rug and bumping their head to a playmate falling off a swing set and breaking an arm. No matter what the incident may be, liability coverage handles the most reasonable healthcare bills for these kinds of foreseeable injuries.
#2: Liability Coverage for Damaged Property
Also Covered Accidents happen, and if your child accidentally throws a ball through a neighbor’s window or an old tree falls on a car – no need to panic. Most reasonable repairs to property damaged by you or family members will be taken care of by your policy. The same holds true for incidents that occur away from the home – if there was accidental damage done to another individual’s property while away from yours, check with your insurer first as this too may be covered by your liability portion of the policy.
#3: Even Off-Premises Incidents Covered for Liability Coverage!
Your homeowner’s insurance may even cover you for incidents that take place outside of your home, such as a dog bite at the park or accidentally destroying a laptop on campus. While these specific events don’t take place within the confines of one’s house itself – they still fall under many standards policies’ definition of ‘liability’. It’s important to talk to your agent and review what is covered by your policy so that you have peace of mind knowing both yourself and those around you are fully protected should anything go wrong.
For example, let’s say you have guests over for dinner one evening; all going well until suddenly one slips on something in the kitchen resulting in an injury requiring medical attention. Fortunately, under most standard policies‘ liability portion – provided negligence wasn’t proven – any medical bills required would then be paid out regardless of whether they were incurred inside or outside such as at an Emergency Department hospital visit afterwards. This means that in addition to living safely secure within one’s own household – visitors too can often feel just as secure when visiting somebody else’s home given their host has adequate homeowners’ insurance with corresponding levels of liability coverage suitable for hosting guests accordingly!
It pays therefore for everyone looking into buying homeowners insurance to ask questions up front about exactly what kind and level of protection they’re getting in terms of liabilities which can then provide them with greater clarity and peace-of-mind moving forward should any unforeseen eventuality arise down the line involving someone other than themselves being hurt or having their property damaged whilst under their care/at/in their residence – because after all when it comes down to it – we all want our homes and our neighbors’ homes too safe & sound right?
If you want to discuss options for home insurance, please call us at 561-732-9305. Our quoting hours are Monday through Friday from 8:30 AM to 5:00 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!
Robert Macoviak is the President of Oyer, Macoviak and Associates. Oyer, Macoviak and Associates is the oldest independent insurance agency in Boynton Beach and has been in business since 1953. Oyer, Macoviak and Associates are vested members of the community who are committed to doing business face-to-face and being your insurance advocate in times of need.