Home insurance is an integral part of owning a home. It helps protect you and your family in a disaster, such as a fire or a burglary. It also helps protect your property from damage or loss caused by natural disasters or accidents. Today, we at THINK Insurance & Financial Services of Pomona, CA want to show you an essential area of home coverage some people may not be aware of: personal liability.
You may be familiar with the term "liability" when it comes to auto insurance. It’s the protection your auto insurance policy provides if you are involved in an accident, someone is injured, or property is damaged. Personal liability is similar when it comes to home insurance.
Personal liability home insurance covers legal costs and damages if you are found responsible for causing harm or damage to someone else. It is a standard part of most homeowners insurance policies. It covers not only if you are sued for injuring or damaging someone else but also incidents like dog bites. Furthermore, this coverage extends to damage caused to someone else’s property by someone in your household.
With this type of coverage, everyone in your home is protected. That includes pets and children.
Do You Need Personal Liability Home Insurance?
Some homeowners choose to forgo home insurance all together. This is not a good idea. Going without proper protection could leave you with a financial burden if you are liable in a lawsuit.
A final note: Most mortgage lenders require that you carry home insurance. Even if you take the minimum hazard insurance required by your lender, the policy will likely have personal liability coverage. However, making sure with your insurance agent is a good idea.
If you need home insurance in Pomona, CA, contact the experts at THINK Insurance & Financial Services.