Personal Liability Affects Everyone : Dear Insurance Agent...
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Personal Liability Affects Everyone

by A. Montalbano on 09/29/15

Scenario 1:  You throw a birthday party for your 1 year old at your lovely home and everything was perfect until your best friends' mother trips on your child's sand box.  You do everything to make her comfortable but in excruciating pain, you rush her to the emergency room and pay the medical expenses. 

Scenario 2:  You love your pet and love to share his presence with everyone.  But one day, you invite a guest into your home and "Bruiser", the sweet Silky Terrier, becomes territorial and takes a nip at your guests ankle.  You apologize, remove your pet from the room, and apply first aid to your guest. 

Which one of these scenarios, where you acted appropriately, will keep you from a possible lawsuit? 
Neither.  Both are possible lawsuits.  That's where homeowners insurance kicks in.

Home Owners Liability: Meanwhile, when an accident occurs in your home, you are obligated to act swiftly.  A trip to the emergency room is not cheap.  Most homeowners policies come with coverage for Medical Payments.  This means your policy will pay up to that stated limit for emergency care(up to $3000) which includes ambulance service(up to $1200), not cheap either.  So make sure you have adequate coverage; a smart start is at $5000. 
The liability portion of your homeowners policy is the coverage most injury lawsuits target. So if you policy only includes $100,000, this is as far as your insurance company will pay out.  A $300,000 limit is practically the same cost as $100,000 limit.  But be smart and include a higher coverage limit.  Most policies range up to $500,000 but if you have assets to protect, purchase an umbrella. Umbrellas can range from $1 million to $10 million in coverage and pick up after your homeowners liability coverage of $500,000 is depleted from a lawsuit. 

What to take from this?  Increase your homeowners liability.  But Crowd Control is what you want in your personal space when inviting guests.  Remove the likelihood of liability.  Be the radar and comb the room(s) or areas.

Pets
are loved but not everyone else knows him/her like you do.  Don't believe your pet is likable to all.  Keep them out of view for safety and from possible unpredictable behavior.

De-clutter space you intend to use for guests whether indoors or outdoors.  Reducing the likelihood of possible tripping and brushing against sharp or pointy objects.  And let your guests know where bathroom facilities are located so they don't wonder into the unknown. 

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