Liabilities
The liabilities portion of your home insurance policy covers the expense of legal costs, medical costs, and damages to your welcome guests. This also means that if your dog bites a visitor or one of your children vandalizes their property or a natural disaster strikes while a guest is in your home and injures them, then you are covered. Incidentally, if your dog bites you or your child vandalizes your house, then you aren't covered by your home insurance policy.
Liability coverage not only covers the cost of replacing the damage to your guests' property as well as any medical costs; it also covers court costs and legal fees should you be taken to court and sued for damages. In your hometown or around the world, your liability insurance takes care of you.
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There are limits on the amount of fees and costs that your liability policy will cover. Generally speaking, liability limits are around $100,000. It is recommended for all policy holders who own homes to take on at least $350,000 worth of protection. The cost for a substantial increase in liability insurance is only a small increase in premiums.
Sometimes, an umbrella or excess liability policy may be appropriate if you are concerned. These offer coverage that goes beyond simple court costs and damages. It includes libel and slander and raises the limits on your liability protection. Costs range anywhere from $175 to $375 for $1 million in liabilities coverage.
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