How Much Personal Liability Insurance Should Homeowners Get?

Personal liability insurance is a key component of your homeowners insurance policy. This type of coverage may provide financial assistance if someone is injured on your property or if you accidentally cause damage to someone else’s property. Having the right amount of coverage helps you stay prepared for potential claims, no matter how unexpected.

What Does Personal Liability Insurance Cover?

Standard personal liability insurance policies typically cover the following:

• Third-party bodily injury

• Third-party property damage

• Legal fees and court costs

• Medical payments for third-party injuries

• Damage from pets

• Accidents away from home

How Much Personal Liability Insurance Should Homeowners Get?

The amount of coverage you choose should reflect your assets and the potential risks around your home. It’s recommended to purchase personal liability insurance that covers the full value of your assets, such as your home, savings and investments. Consider higher coverage if the following situations apply to you:

• If you live in a busy area with frequent visitors, such as a neighborhood with children or a place where people often pass through

• If your property includes a pool, hot tub, trampoline or other recreational features

• If you own large or potentially dangerous pets, such as dogs that are known to be more aggressive

• If you engage in hobbies that could possibly injure others, such as skiing, hunting or surfing

• If you regularly host large parties or gatherings at your home

• If you have significant assets, such as expensive jewelry, cars or other valuables

• If you operate a business from home, such as a daycare, studio, or freelance work

Find Your Ideal Coverage

Want to learn more about personal liability coverage? Contact Aztlan Insurance Agency today. Our agents can walk you through your options and help you obtain optimal coverage.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.