Is Home Liability Coverage Worth The Money?

When you purchase a homeowner’s insurance policy in Texas, you want to make sure that you choose coverage properly. This means looking at whether or not you have enough coverage and that the limits are high enough.

Home liability coverage is particularly important in the event that someone gets injured at your home. You never know if someone is going to fall down the stairs, slip on ice, or have some other kind of accident. As long as it is deemed an accident, liability coverage will generally take care of the expenses – up to the limit that is in place.

You are the homeowner and you are going to be held financially responsible. You don’t want to be the one paying for medical bills, lost wages, pain and suffering, and even legal costs. Even if you know the person, there is always the possibility of them suing you – and this can be an expense all of its own.

If you have home liability coverage and the limits are high, you may only have to pay deductibles. This is going to save you a significant amount of money.

Think about what you could otherwise have to pay. If someone hurts themselves, you could pay all of their medical bills. If they hire a lawyer and are rewarded pain and suffering, the settlement could be tens of thousands of dollars. Add lost wages to this and it is enough to send you into bankruptcy.

With coverage for home liability, you can avoid these expenses by filing a claim.

You don’t have to spend a lot of money on auto insurance. You simply need to have the best coverage. Contact us today and let one of our agents at Strack Insurance Services help you find the necessary coverage against hit-and-runs and more.