Homeowners Liability in Tallahassee and Havana, FL
A house is a significant investment. Add in your belongings and your home’s maintenance costs, and your investment can become a very costly one.
Accidents can happen at your home or off your property. Standard homeowners insurance policies include liability coverage. If you harm someone or damage their property, your homeowners liability insurance may compensate them and often pays for incidents that may occur.
What Is Included in Homeowners Coverage?
Your homeowners liability insurance comprises two types of coverage: personal liability coverage and medical expense coverage.
Personal liability: If you’re sued due to a covered incident, homeowners insurance liability coverage may pay legal costs. It may also pay the damages for which you’ve been found responsible, up to the limits of your coverage.
Medical expenses: If a visitor is injured on your property, your policy may help pay their medical bills, even if your visitor has health insurance. This insurance is no-fault coverage, which means the injured party may submit medical bills to your insurer without filing a claim against you.
Typically, your homeowners liability insurance may also cover:
Lost wages: If the injured person can’t work due to their injuries and you’re found to be at fault, your policy may reimburse them.
Pain and suffering: These can result if a court awards damages to compensate the injured person for mental, emotional and physical pain from the injury.
Do You Have Enough Homeowners Liability Insurance?
If you are involved in a lawsuit, your assets could be at risk, including your home, retirement accounts, investments and savings. It’s a good idea to have coverage that’s at least equivalent to your total net worth.
You can add umbrella insurance, which can provide additional coverage for liability coverage that exceeds the limits of your home or auto insurance policy limits. You may need to have your home and auto policy with the same insurer to purchase umbrella coverage. McKee Insurance Agency can help you determine the type of coverage you may need.
How We Can Help
Homeowners liability insurance can help ensure the security of your finances and your family’s safety if an accident occurs. This coverage can help preserve your hard-earned assets and finances. Talk with a McKee Insurance Agency representative today at 850-224-6055 to determine the coverage that can give you the best protection.