If you, a member of your family, or an employee causes an accident that injures another individual or damages someone else\u2019s property, you or your business can be held liable. Liability insurance can cover costs associated with a claim and protect your assets.<\/p>\n\n\n\n
What Liability Insurance Does and Doesn\u2019t Cover<\/p>\n\n\n\n
Your homeowners<\/a>, auto<\/a>, or business insurance<\/a> policy provides several types of coverage, including liability. If you or your company is found liable for someone else\u2019s injuries or property damage, the liability portion of your policy will pay the individual\u2019s medical bills or cover the cost to repair or replace the person\u2019s damaged property. If you get sued, your liability insurance will pay your legal fees. <\/p>\n\n\n\n Liability insurance won\u2019t cover injuries that you suffer or damage to your own property. Depending on the circumstances, another portion of your policy might apply, or you might have to seek coverage through an entirely different policy, such as your health insurance.<\/p>\n\n\n\n How Liability Insurance Can Protect Your Assets<\/p>\n\n\n\n When you take out an insurance policy, you\u2019ll get to choose from several amounts of liability coverage. The higher your coverage limit, the more you\u2019ll pay in premiums. <\/p>\n\n\n\n Choosing bare-bones coverage can save you money now, but that decision might come back to haunt you if you find yourself facing a claim. The amount that your insurance company will pay can\u2019t exceed your chosen coverage limit. If the person who filed the claim has expenses that are more than that amount, you\u2019ll have to pay the difference.\u00a0<\/p>\n\n\n\n That can put your assets \u2013 and your family\u2019s financial future \u2013 in jeopardy. If you get sued and you\u2019re required to pay a large judgment, you might have to pull money out of your retirement account or sell your home or business. <\/p>\n\n\n\n You can avoid financial devastation by choosing insurance with high liability coverage limits. That will cost you more in premiums, but you\u2019ll have peace of mind knowing that your policy will be able to cover a claim for catastrophic injuries or property damage and that your personal assets or business will be protected.<\/p>\n\n\n\n Find the Right Insurance Coverage<\/strong><\/p>\n\n\n\n Petruzelo Insurance helps customers choose the right homeowners, auto, and business insurance for their needs and budget. A member of our team can discuss your goals and circumstances, explain your options, get quotes from several leading carriers, and help you select the policy that\u2019s best for you. Contact us<\/a> today to learn more.<\/p>\n","protected":false},"excerpt":{"rendered":" If you, a member of your family, or an employee causes an accident that injures another individual or damages someone else\u2019s property, you or your business can be held liable. Liability insurance can cover costs associated with a claim and protect your assets. What Liability Insurance Does and Doesn\u2019t Cover Your homeowners, auto, or business […]<\/p>\n","protected":false},"author":1,"featured_media":3426,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-3531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insurance"],"_links":{"self":[{"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/posts\/3531","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/comments?post=3531"}],"version-history":[{"count":1,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/posts\/3531\/revisions"}],"predecessor-version":[{"id":3532,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/posts\/3531\/revisions\/3532"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/media\/3426"}],"wp:attachment":[{"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/media?parent=3531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/categories?post=3531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.petruzelo.com\/blog\/wp-json\/wp\/v2\/tags?post=3531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}