Is My Home Liability Insurance Enough?
Do You Have Enough Homeowners Liability Insurance for Your Needs?
Owning a home is the American Dream. With homeownership comes a new sense of freedom and excitement. While having your own home has many advantages, it also comes with certain liabilities, such as your personal responsibility for accidents that happen on your property. Personal liability is part of your home insurance in Thousand Oaks, CA, and can help to protect you against financial loss. But, do you have enough coverage?
You always want to make sure that you have enough home insurance liability coverage in case you are ever found negligent for causing injury or damage to another person while they are on your property. Your homeowners insurance liability covers you against lawsuits for bodily injury or property damage, as well as court costs incurred and damages awarded.
Certain home features come with a high risk of injury and damage. From hot tubs to pools to swing sets to a pet, if there is a higher chance of someone getting injured on your property, you should look into additional cover.
There are certain home features that come with a high risk for injury and damage. From hot tubs to pools to swing sets to a pet, if there is a higher chance of someone getting injured on your property, you should look into additional cover.
If you have determined that you need more liability cover than what you presently have, there are two options:
- Raise your homeowners liability limits. Talk to your insurer about increasing your current limits so that you have more protection in place.
- Take out a personal umbrella policy. If your net worth is more than $300,000, an umbrella policy can help to protect your assets in addition to your home policy. Umbrella policies start at $1 million worth of personal liability coverage, and kicks in when you’ve exhausted your liability in your home insurance.
Take the time to review your home insurance coverage to be sure you have optimum protection. To find the right coverage for your needs, work with one of our friendly and experienced agents at Falsken & Associates Insurance Agency serving Thousand Oaks, Westlake Village, and neighboring cities in California.