Liability Insurance Basics
The liability coverage that is provided by your homeowners and auto insurance policy can be one of the most confusing coverage options. Since it will provide financial protection if you are ever the cause of someone else’s injuries, it can be difficult to think of many situations that you will actually need it. In reality, liability is one of the most important coverage options to keep you safe.
Most people think that their liability within their auto insurance is only needed if you are found to be at fault for a car crash. While liability will kick in to cover any medical bills and lawsuit costs, it is not only needed during an accident. If you accidently open your car door into a passing bicyclist, your liability coverage will cover the cost of their injuries as well.
The liability portion of your homeowners insurance will not only provide coverage if someone is injured in your house, but it will also provide coverage if someone is injured in your yard, such as a delivery man. It will also protect you if you take your dog out for a walk and they bite a passerby.
While you may think that the liability that is provided by your homeowners and auto insurance is enough for any situation that you may run into, it may not be. A personal umbrella insurance policy will provide the additional liability protection needed to make sure that you are not left paying for any damages out of your own pocket.
For all of your liability insurance needs, contact the insurance professionals at Kurt Rolf Insurance Agency in Hopkins, Minnesota. As an independent insurance agency, we will work with you to ensure that you have the right amount of protection, all at the right price to fit your budget.