Personal liability protectionis one of the best types of homeowners insurance you can buy. It protects you from lawsuits for bodily injury and property damage that occurs on your property (and even sometimes off—like say your dog bites someone in the park). Let’s look at what happens when...
Homeowners insurance can also reimburse you for theft or vandalism of your belongings. But a homeowners policy doesn’t just cover your house and your stuff. It can also pay to defend you from lawsuits or cover medical bills for someone who gets hurt on your property. And if you can’t ...
It does not cover the physical structure of your home, which your landlord’s insurance should cover While prices vary by person, renters insurance is usually affordable What Renters Insurance Covers Unlike homeowners insurance, renters insurance coverage focuses more on your personal property and legal...
The building-related omissions from renters insurance affects cost in a major way. The need to cover the cost of the dwelling means that homeowners insurance, on average, is more than seven times the cost of renters insurance. The takeaway The fact that renters don’t have to insure the bui...
Legal insurance can also cover the costs associated with civil lawsuits. If you are involved in a lawsuit, whether as the plaintiff or defendant, your legal insurance policy may reimburse you for attorney fees, court costs, and other related expenses, up to the limits specified in your policy...
Some auto and homeowners insurance companies may enable you to increase your liability limits to $1 million, which may eliminate the need for an umbrella insurance policy. However, keep in mind that increasing your liability limits on your auto and home policy doesn’t change the liability limits...
4. Homeowners in a condominium complex pay regular fees to the association to cover maintenance expenses and fund reserves for repairs and improvements. 5. The association also handles the development’s insurance, landscaping, security, and amenity management issues. ...
Standard homeowners insurance excludes business and farming activities. Liability protection is a must: From visitors to commercial clients, your hobby farm is likely to interact with the public quite a bit. That's why you need liability protection against lawsuits stemming from injuries, illnesses,...
These procedures might incur a large amount of money that we don’t have on hand. Luckily, health insurance exists. It’s always a good thing to stay proactive and invest in important things like health insurance. However, health insurance doesn’t cover the entirety of medical costs. In a...
Unless a homeowner has the cash available to pay for anything not covered by their standard homeowners insurance coverage, an umbrella policy is absolutely worth the cost. Normally, once a homeowner has a policy with a liability limit of $300,000, an insurer will recommend an umbrella liability...