Ask Away...: Top 5 Reasons All Homeowners Should Have Home Liability Cover

Tuesday, June 27, 2017

Top 5 Reasons All Homeowners Should Have Home Liability Cover

Whilst nobody expects to be held responsible for any accidents that may happen in their home, accidents do happen and liability cover is an important insurance policy to have in order to help prevent you from paying out should any unexpected accidents occur. Here are our top five reasons why personal liability insurance may help protect you from any unforeseen situations and the areas that it can cover you in the worst case scenarios.


Medical Bills

Firstly liability coverage may be able to provide financial assistance for any medical bills that come up from an injury sustained by any visitors to your home. Without this insurance, should anyone suffer an injury in your home, you could be liable to have to pocket out for the medical bills should they make an injury claim against you. A person that has an accident on your property, may very well have their own health insurance, however you may still be held accountable for any expenses if the accident is found to be caused by negligence on your part. So this is definitely a top reason to cover yourself in case anything unexpected happens on your home turf.

Recovery & Loss of Wages

Even if all the medical bills have been settled and you have paid out for all the necessary medical expenses, the costs may not end there. If that person continues to suffer any kind of pain after the accident, that prevents them from going back to work, you could again be liable to cover their loss of income costs. Liability cover will protect you from this and cover potential additional charges, such as this.

Death Coverage

It is a terrible thought that anyone may die as a result of an accident on your property, however it is something that does happen. Death benefits are not always a standard clause on all home liability insurance policies, so you will want to make sure that this is added into any liability coverage you take out and that you are not trying to save money on leaving out certain clauses.

Legal Expenses

If the person decides that they want to go down the legal route, if they felt that the accident was a result of your negligence and therefore could have been avoided, you will need to hire the help of a good, local attorney. Being sued by someone can be a terribly long, drawn-out and complicated process so having a trusted and reputable attorney by your side will give you peace of mind that your case is in the best hands. This of course doesn’t come cheap however, so a home liability insurance policy may help you cover your legal expenses, whether you are found to be responsible or not.

Coverage Outside of the Home

Personal liability coverage may also cover you for any damages that occur from accidents that happen outside your home. For example, if you are on holiday and cause damage to a hire car or a hotel room, your personal liability coverage may well protect you from any expenses that the company asks you to reimburse.

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