Determine how much liability insurance you need.
All home insurance policies generally cover two main areas: property and liability. Property insurance covers your home, any detached structure, and your personal items. Liability insurance will cover negligent acts you commit if you are deemed responsible. If someone gets injured or their property is damaged and you are at fault, they could file a suit and you could be looking at a huge expense.
Liability covers you against bodily injury or property damage that you or your family members or pets cause to other people, as well as court costs incurred and damaged awarded. Broadly speaking, you should have enough liability insurance to protect your assets. Standard policies provide between $100,000 and $300,000 worth of liability insurance, although higher amounts are available.
If you own property and/or have investments and savings that are worth more than the liability limits in your policy, consider purchasing a separate excess liability or umbrella policy. In many cases, if you have additional risks in your home, you will need more insurance. For example, if you have a dog, pool, trampoline, or hot tub, there is an increased likelihood of injury. Therefore, you should increase your liability insurance or consider an umbrella policy.
Your homeowners insurance is designed to safeguard your property and wallet when they need the most protection. Contact the team Lou Aggetta Insurance Services in Pleasant Hill to get started on your tailored policy.