Personal Liability Insurance

The Basics of Homeowners Insurance

This Months Topic: Personal Liability Insurance

            Your Homeowners Insurance Policy includes a very important and often under looked coverage called Personal Liability Insurance; this coverage protects your financial and legal interest in the event a bodily injury or property damage lawsuit is brought against you, your spouse, or any others under the age of 21 under your care. The personal liability coverage that is built into your homeowner’s insurance policy has a minimum limit of $100,000 and the option to increase to $500,000, or $1,000,000. The cost to increase your liability limit from $100,000 to $500,000 is a mere five to ten dollars annually and well worth the minimal increase in premium dollars.

            Almost 100 percent of all Homeowners Insurance policies I have reviewed from my competitors for my potential clients have a limit of $100,000 and do not provide the basic homeowners protection. At Carlisle Insurance Agency we include a minimum of $500,000 of liability insurance protection in all of our homeowner’s insurance contracts because we care about protecting you the policyholder from potentially damaging and life altering lawsuits.     

            Your current insurance agent has an ethical and moral responsibility to provide an iron clad insurance policy designed to protect you and your family members in the event of a catastrophic insurance loss. As a self advocate and a concerned Homeowner it is imperative for you to take an in-depth look at your homeowner’s insurance policy to make sure your insurance agent is looking out for your personal financial needs.

To evaluate your financial situation ask yourself a few questions. 1. How much do I have to lose? 2. What is the monetary total of my assets? 3. How much would legal fees cost me? 4. How much risk do I have? Do you own a swimming pool, recreation room, or have people work in your home? Take the time and make your insurance agent work for you and make him accountable for his actions.   

            After you have carefully reviewed your homeowners insurance policy and have identified that your personal liability limit is $100,000 please call your insurance agent and ask him this question…As a professional insurance agent, are you providing my family with the best possible insurance protection for the price or are you interested only in protecting your bottom line?

Michael Carlisle