It still surprises me how often homeowners don’t know that there is personal liability insurance coverage on homeowners insurance.
Even more surprising, the people who know about the personal liability written into their home insurance coverage but don’t know what it helps them protect against.
The fact is that the personal liability coverage that you get when you buy homeowners insurance is actually very broad and covers you and your family from certain dangers.
In this article, we’ll dive into a few of the things that it covers...
Your homeowners insurance provides personal liability coverage for your family
Homeowners insurance protects the property but most don’t know that it also provides a very broad personal liability coverage as well.
This coverage typically applies to:
Your Homeowners policy covers some boats (but it varies)
Small, unscheduled boats may be covered under a homeowners policy. However, this liability coverage varies based on the size and type of boats and motors. This coverage is limited to certain situations and risks but when they are covered, your homeowners policy provides up to $1,500 of coverage for unscheduled watercraft.
Your homeowners insurance (may) cover “dead storage” and other types of vehicles
The keyword in this is “dead storage”. It’s very difficult to know what is legally considered dead storage. One leading legal dictionary says a vehicle is considered dead storage if the battery has been removed, however, there are many other legal definitions for dead storage that could be used in the case of liability or injury.
In most cases, Golf carts can be covered under your home insurance policy
Golf carts are covered when you live in a property with access to a golf course and you are using it properly.
These carts are protected unless they have been modified to be able to pass the speed of 25 mph, carrying more than 4 persons or outside of the legal boundary of the the golf course or it’s set points, which at times cross public roads.
If the you are a member of a private residential community and riding a golf cart on the communities public roads then your homeowners policy will cover that as well.
Your homeowners policy needs to be updated frequently.
If you make improvements to your home, have children that tend to break or damage things or if your policy is a few years old, you need to update your policy every so often.
Some insurers provide a special personal property coverage that allows you to cover “all risks” to property other than the home (floors, walls, windows and roof). They may cover personal belonging as well, which comes in handy when your 3 year old smears play doh in your fur rug.
Insurance agents can discuss your options but we do not recommend how much you need.
We are happy to discuss the coverage that you get when doing business with us. We want you to be informed and we want you to know exactly what you’re covered for, what you aren’t, and what you need to consider.
We also have an obligation, morally and ethically, to never make recommendations. We want to make sure you are covered properly but making recommendations could lead to some missteps.
We don’t know how much coverage will be enough in your specific scenario. The purpose of our service is to help you make an informed decision by letting you know what options you have and what each policy covers for you. The rest is up to you.
*several qualifications apply