Liability Coverage 101: What You Should Know

Imagine someone got hurt in your house, and needed to get a medical procedure to recover. In this case, you are likely to find yourself liable for the expenses related to the medical procedure, and even for any pain and suffering caused, which can all makea considerable dent in your wallet.

This is where liability insurance steps in to save the day—if you have it added to your insurance plan, of course.

If you do, your insurance company willtakecare of any damages, medical bills, or external expenses.

Here’s everything you should know about liability coverage.

Auto Liability Coverage

Liability coverage comes as standard withmost auto insurance plans, and is a required part of the policy according to most state laws. It can help you in two ways:

  • The first is by providing physical injury coverage if you ever find yourself liable to pay someone else’s medical bills or in case you’re getting sued for an accident.
  • Another way is the property damage liability clause that helps you cover the cost of the damage done to someone else’s vehicle to protect your own finances.

Homeowner’s Liability Coverage

This is what we talked about earlier; it protects your finances in case someone gets injured on your property.

Homeowner’s liability will help you cover someone else’s medical bills without reaching into your own bank account.

Renter’s Liability Coverage

We usually don’t plan on friends and family getting injured when they visit us—but that doesn’t mean it can’t happen.

Whether someone gets injured in a house you’re renting, or if your child throws a ball out thewindow, breaking the glass on your neighbor’s window, you can be found to be legally responsible for the medical expenses and fixing the damage.

Renter’s liability coverage can help you get out of this situation without financial trouble.

Liability coverage acts as a safeguard to protect your finances in case of mishaps where you’re legally liable.

If you’re interested in acquiring insurance from a trustworthy and affordable insurance service company, you can contact Manatee Insurance Services, Inc.

They provide high-quality insurance services including homeowners and renters’ insurance in Bradenton, FL, and can take a lot of stress away from your life. Reach out to them at 941-747-7283 for further details.

Categories: Insurance

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