Liability coverage is just one part of your home insurance coverage. It protects you from people who might get injured while visiting your home or by family members away from your home. It also gives protection if that injury leads to legal action against you. How much liability is needed to give you full protection needs to be reassessed from time to time. At Bryan Insurance Agency LLC in New Windsor, NY, we are a full-service independent insurance agency in business since 2004.
The minimum amount of liability insurance that most home policies have is $100,000. Today it is recommended that $300,000 to $500,000 is a more appropriate amount. Especially if you have assets like investments or property, making sure you have enough to protect that amount is vital. An umbrella policy is also a good option if you have an increased amount of risk.
Having a dog
Having a dog increases your liability. Depending on the kind of dog that you choose and the dog’s history, you may find a big increase in your premium. In some cases, you may even find that your dog will not be covered by your insurance due to the breed or its aggressive behavior.
Pool or hot tub
Having a pool or a hot tub is great for entertaining. Having guests is always somewhat of a risk, but when you add a pool or hot tub, the risk rises exponentially. Make sure that you follow all the local rules about fencing and making your pool a safe place.
Trampoline
Trampolines are very popular but they are also very dangerous and many children are injured every year. If someone is visiting and is injured on your trampoline, you could find yourself with lots of medical bills and even being sued.
Contact Bryan Insurance Agency LLC in New Windsor, NY for all your home insurance needs.