When thinking about how much homeowners insurance you need, there are personal liability insurance considerations. Most people think about how much insurance they need if their house burned down, but there is so much more to homeowners coverage.
Did you know that if someone trips and falls on your front steps, you are responsible for their medical bills and pain and suffering? The average cost of such a claim is $15,000.
The accident can be caused by your negligence (such as leaving obstacles around), the other person’s carelessness, or natural occurrences such as icy driveways.
If you are babysitting a child and she gets hurt, you had better be insured. If your lawn mower kicks up a rock which breaks your neighbor’s window, you want to be covered.
The accident can also be the result of trespass. You may even have liability if a burglar breaks into your house and gets hurt in the process.
Homeowners liability insurance also protects you when you are outside of your home. For instance, if you crash into someone while snowboarding, some (but not all) this will pay the bill.
That’s why you want to have personal liability coverage in your homeowners insurance policy.
There are some personal liability coverage considerations. For instance, do you have any “attractive nuisances” like a pool or trampoline which make people want to come over uninvited?
Another consideration is whether you have guns in the home as these will raise your premiums.
Some dog breeds, particularly pit bulls, will dramatically increase your policy costs as well.
So, when buying homeowners coverage, take the personal liability insurance considerations into account.
Posted in Personal Liability Insurance | 
Tags: Carelessness, Driveways, Homeowners Insurance, Lawn Mower, Natural Occurrences, Nuisances, Obstacles, Trespass