As a homeowner, you’ll take on several responsibilities you may not have had as a student or tenant. In addition to keeping up with maintenance concerns, you’ll also need to protect yourself against accidents that occur on your property and the lawsuits that may result. The best way to do this is by purchasing personal liability insurance. Here’s a closer look at the benefits and specifics of this coverage.

Why Invest in This Coverage?

Personal liability coverage is designed to protect your assets should an accident occur on your property. If someone trips and falls in your home, breaking their leg and their smartphone, they could file a lawsuit against you to obtain compensation.

With personal liability coverage, you won’t be fully responsible for the cost of their hospital bills and phone repairs or replacement. Instead, you’ll only have to meet the deductible, and your insurance company will step in to cover the majority of the cost. 

While you might already have this policy for your business, it pays to secure the same protections for your living space.

What Does It Cover?

Personal liability coverage will cover accidents that occur on your property. For example, if you have a party and friend trips down the stairs, personal liability insurance will prevent you from being held liable. If a neighbor walks by and gets hit by one of your falling tree branches, you’re also covered. This policy is especially crucial for homeowners with features like treehouses, trampolines, or pools with diving boards.

Personal liability insurance will protect you if your pet bites or otherwise injures a guest. In rare cases, you might be sued by an individual who receives food poisoning from a meal you made and served in your home. This policy will also kick into gear in such a situation.

If your child damages your friend’s car in the driveway while playing basketball, you’ll be covered. Injuries caused by intentional acts, such as pushing a neighbor into your pool, are not eligible.

If you’re interested in securing personal liability insurance, rely on Insurance Savers® of Phoenix, AZ. Since 1999, they've been committed to protecting their clients' financial well-being, offering products including home, business, and motorcycle insurance. To learn more about their offerings, visit the website. You can also call (602) 265-9311 to schedule a meeting with an agent today.