As a homeowner, one of the most important things you can do to protect yourself, your family and your property is to purchase a homeowner’s liability insurance policy. You need to understand what this type of policy covers and how much you need in case an incident should occur.
What Does Homeowner’s Liability Insurance Cover?
- Your home insurance liability policy covers any accidents that happen to other people who are on your property. It’s important to understand that not all injuries are covered; only those that are deemed to be your responsibility. However, liability is often a gray area, which is why the policy is necessary to begin with.
- You are protected if an accident is your fault due to negligence. If someone should trip and fall down the stairs or on an ice-covered sidewalk, you may be held responsible. The idea is that you must provide reasonable care and maintain a safe place for people who come on to your property.
- You are protected if someone comes onto your property without your knowledge. You don’t even need to give permission to the person to be on the property. If they are injured while on your property without your knowledge, you could still be held liable.
What are the hazards I need to be concerned with?
You may own items that increase your risk for an accident. One of the most common is a swimming pool. People die every year from drowning, which is one reason owning a pool will likely raise your rates. Trampolines are another danger because people can fall off them and suffer an injury, especially a head injury. If you own a dog, you’re at a greater risk for the pet biting someone. Some policies may require you to have a fence around the pool or not insure you for certain breeds of dogs.
You’ll want to ensure that you talk to your insurance agent and find out what the requirements are for having any of these risks. You don’t want to wait until you need to file a claim to determine if you have adequate coverage.
Make sure you have the right amount of homeowners’ liability insurance coverage for your peace of mind. Talk to our knowledgeable Insurance agents to learn how to get the right homeowners’ liability coverage in New York to provide the the best protection for your home today.
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