Benefits of Having Personal Liability Insurance
Reasons you Need Personal Liability Insurance Coverage
Personal liability happens when there is an accident, inside or outside of your home, that results in injury or property damage in which you could be held legally responsible for. A claim for personal liability means you could be stuck paying medical bills, legal fees or damages for the injured party. Protect yourself & your assets by adding personal liability insurance coverage under your current homeowners insurance or renters insurance policy. This added cost can protect you in the long run against the following circumstances:
- Lawsuits if an accident occurs in or outside of your property
- Bodily injury
- Property damage as a result of your personal negligence
J. Fine Law in Philadelphia, PA highlights common cases personal liability insurance covers and the benefits to invest in additional coverage through a personal umbrella liability insurance.
5 Common Claims Personal Liability Insurance Covers
Dog Bites: Dog bite claims against homeowners account for about 1/3 of all liability claims. Many dog breeds are automatically covered, but certain breeds may be restricted. It may be a good idea to check your policy before adopting a new pup to confirm coverage status.
Slip & Falls: Another very common lawsuit homeowners could face after a guest falls down a flight of stairs or slips on an icy sidewalk.
Intentional Harm: If someone causes you intentional harm, whether inside or outside your home, your own policy will cover the cost of all bills associated with the injury.
Neighborhood Damage: When a friendly neighborhood basketball game results in a broken window or damaged car bumper, your personal liability insurance policy will cover the cost of damages.
Libel & Slander: Most people do not know their policy offers coverage for defamation of character if you’re accused of libel of slander. Check your policy details for exclusions.
Benefits of a Supplemental Umbrella Policy
Depending on your assets (home, retirement fund, children’s college savings) you may want to consider an umbrella policy which supplements your current coverage. In the event you have a high-figure judgement against you through a lawsuit, you may have to sell your home and liquidate important assets to settle the claim. However, an umbrella policy ensures you’ll have adequate coverage to keep these possessions.
Personal Injury Law Firm in Philadelphia
J. Fine Law and our team of personal injury attorneys work with clients in Philadelphia, Pittsburgh and Cherry Hill, NJ who have suffered injury & loss due to the negligence of a person or entity. We can represent you in dog bite cases, trip & fall, auto accidents and much more. Whether the person who caused you harm has a personal liability policy or not, we’ll fight to get you a fair settlement.
If you’ve been injured in any kind of accident, call J. Fine Law to speak with an attorney today. Call 267-888-2960 or fill out the form on this web page or from the scene call 1-800-HURT-123 to discuss your case with one of our accident attorneys today!