How Much Liability Insurance Do You Need?
All home insurance policies generally cover two main areas: property and liability. Property insurance covers your home, any detached structure, and your personal items. Liability insurance will cover negligent acts you commit if you are deemed responsible. If someone gets injured or their property is damaged, and you are at fault, they could file a suit, and you could be looking at a huge expense. Your homeowners insurance in Valatie, NY does more than just cover your property.
Liability covers you against bodily injury or property damage that you or your family members or pets cause to other people, as well as court costs incurred and damaged awarded. Broadly speaking, you should have enough liability insurance to protect your assets. Standard policies provide between $100,000 and $300,000 worth of liability insurance, although higher amounts are available.
If you own property and/or have investments and savings that are worth more than the liability limits in your policy, consider purchasing a separate excess liability or umbrella policy. In many cases, if you have additional risks in your home, you will need more insurance. For example, if you have a dog, pool, trampoline, or hot tub, there is an increased likelihood of injury. Therefore, you should increase your liability insurance or consider an umbrella policy.
With the right home insurance agent, you can find quality coverage for your needs. When you’re looking for homeowners insurance, contact your insurance professionals at Kneller Agency. Our dedicated experts are ready to assist you with all your home insurance needs.
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