Most homeowner’s insurance policies in NH also include liability insurance. However, many homeowners and policy owners do not know precisely what liability insurance covers. At Morin Insurance, we believe it is crucial for homeowners to understand what their policies cover. If you are equipped with this knowledge, you will know exactly what you need to do if an accident occurs at your home.
What does liability insurance cover? Here’s a look at this aspect of your NH homeowner’s insurance policy.
Injury to Others on Your Property
The most common reason for liability insurance claims is when a guest is injured on someone’s property. If a guest or a delivery driver trips on an uneven or icy walkway and breaks their wrist, you, as the property owner, are responsible. Liability insurance can cover medical expenses, lost wages, legal fees, and even damages if the injured person decides to sue. More often than not, however, your insurance policy will provide adequate coverage to cover the damage and satisfy the injured person.
Damage to Someone Else’s Property
Liability insurance can extend beyond damage or injuries incurred on your property. If a resident of your home damages someone else’s property, liability insurance can also cover that. For example, if your child throws a ball through your neighbor’s window or your teen backs the family car into the mailbox across the street, those circumstances can fall under liability insurance. Even if you have a good relationship with your neighbors, it is often wise to have your insurance cover the cost of the damage.
Limits and Exclusions
All insurance policies have limits, so you should review your policy with your insurance agent to ensure you understand it. Your insurance policy only covers up to a certain dollar amount. If you are found liable for damage over that amount, you may have to pay the rest out of pocket. There can also be exclusions to certain types of damage, such as intentional acts of harm. Your insurance agent will help you understand all the details of your policy and ensure you have the coverage you need.
NH Liability Insurance from the Morin Agency
Our team at Morin Insurance is dedicated to helping residents of NH and CT protect their homes and family. If you need to update or revise your policy, our agents are ready to assist you.
