Understanding The Liability Risks Of Your Homeowners Insurance

February 6, 2015

Reducing Liability Risks Around The Home

As a homeowner, understanding your policy should be a top priority, as you must know what coverage options you have. Unfortunately, in our litigious society liability risks are all around us, including at our homes. We want you to be an informed homeowner, which is why we have gathered some information for your convenience:

• The standard, unendorsed homeowners insurance policy will provide you with a minimal amount of liability coverage. However, it is recommended you purchase a higher limit of liability protection, especially if you have certain exposures at your house such as a pool, trampoline, or even a dog.
• If an accident occurs on your property, your medical payments coverage will likely cover the injured party’s medical bills up to a limit. Your liability coverage will be the next place for you to find coverage.
• Each homeowners insurance policy comes with exclusions and coverage limitations, so it is important that you are aware of what is on your particular policy. For example, if you start a business at your home and a client visits and gets hurt on the premises, you will likely be denied coverage on your homeowners policy.
• Manage your liability risks is by discussing your personal liability exposures withyour agent and purchasing adequate liability coverage.

Please do not hesitate to give us a call if you are interested in learning of ways you can further manage your liability risks. Contact Central Insurance Agency in Austin for all of your Texas homeowners’ insurance needs. We will go above and beyond to provide you with the security you deserve in the comfort of your home.