When it comes to home insurance, many aspects may surprise you. It’s astonishing how many people don’t read their home insurance policy to understand exactly what is covered and the extent of their coverage. Knowing your liability coverage and any exclusions is crucial for your financial security. In Follansbee, WV, you can rely on our team at Mutual Insurance Partners to provide all the personalized insurance services you need.
Understanding Liability Coverage
Liability coverage is not one size fits all. The amount you need may exceed what a traditional or typical home insurance policy provides. Your assets should determine the amount of liability coverage you have. The purpose of liability coverage is to protect you in the event of legal action against you. It will cover the judgment and any legal fees you have. That’s why you need to know how much you have, as judgments have been increasing, and you are responsible for any amount not covered by your policy.
Factors That Increase Your Liability
Certain factors can increase your risk of being sued. If you have a swimming pool, you are likely to entertain. The more people using the swimming pool, the higher your risk level. If you have children, they may ask for a trampoline at some point. It’s great fun, but it can be dangerous, and your children will invite their friends over to jump with them.
Another risk you may not have considered is owning a dog. Some dogs are considered so dangerous that your home insurance will not cover them.
For your home insurance needs, contact our independent insurance agents at Mutual Insurance Partners in Follansbee, WV. We are happy to provide a no-obligation quote.
