Liability insurance is one of the fundamental types of coverage often listed in a basic homeowner’s policy. It covers costs associated with bodily injuries and property damage that take place in your home or are caused by you and your family. If you’re unfamiliar with this type of coverage and want to know whether you should have it, here’s an introduction to what it does and when it protects you.

Your Guide to Liability Insurance

What Is Liability Insurance?

Liability insurance typically covers medical treatments and repairs for damages sustained on your property or accidentally caused by you or a member of your household. For instance, if your dog bites a passerby who then requires medical treatment or your child accidentally bats a baseball through a neighbor's window, your liability coverage pays for the doctor's bill or window repair. It also pays for any legal costs arising from the incident, including judgment and settlement amounts and legal fees.

Does It Have Limits?

The standard homeowner’s insurance policy almost always contains a liability coverage component, often with a property damage maximum of $300,000 and medical coverage up to $1,000 or $5,000.

Do I Need Additional Liability Coverage?

If you want your policy to cover you beyond the typical limits, you’ll need to purchase additional coverage. This may be helpful if you own an aggressive dog breed, or have a swimming pool, hot tub, tree house, or trampoline, which are considered “attractive nuisances” for drawing in neighbor kids. Since you’ll be responsible in case of any injuries sustained in these situations, even if you aren’t home when they occur, you may want to consider bulking up your policy.

For help designing a homeowner’s liability insurance policy, contact Edwards Insurance Agency in Sparta, WI. For over 100 years, they’ve helped businesses and individuals in and around Monroe County protect themselves and their assets in case of damages. In addition to liability insurance, they specialize in auto, home, motorcycle, business, farm, and boat insurance. Visit their website to view a list of their offerings or call (608) 269-4512 to request a free quote.