Homeowners Liability Insurance in Riverhead, NY and throughout Long Island, NY
As a homeowner, you face unique risks such as maintenance, injury to other and accidents. Homeowners liability insurance can help protect members of your household in the event of an injury while on your property. This can help ease the financial burden of legal fees, medical bills and lost wages by having your insurance company handle them when the proper coverage is in place. Protect your property in Riverhead and Suffolk County, NY, by contacting your agent at Lupton & Luce Inc. to discuss your options for homeowners liability insurance coverage.
What Is Covered Under Homeowners Liability Insurance?
Homeowners insurance provides coverage for the members of your household in the event someone incurs an injury while on the property. Essentially, the coverage provides financial protection against liability claims that may arise. There are a few ways in which this insurance provides coverage:
Injury on the property—If someone becomes injured while on your property, you could face the risk of being sued, depending on the cause of injury. Homeowners liability insurance could help cover the cost of legal expenses in the event of such.
Negligent acts of children and others—Accidents happen, especially when it comes to young children playing outside with friends or family. If accidental damage occurs to someone else’s property, your homeowners liability insurance will help provide protection against associated costs.
Dog bites—If your dog bites another animal or person, your policy will typically provide financial protection. Be sure to discuss this component with your agent, as not all dogs are covered under this portion of the coverage.
Other commonly covered scenarios can include:
What Isn't Covered by Homeowners Liability Insurance?
Although homeowners liability insurance covers a vast array of incidents, some situations are not covered under your insurance coverage:
Personal injuries that happen in the home
Vehicle coverage, as that is covered by auto insurance
Injuries that occur related to a home-ran small business
Consider purchasing personal umbrella insurance to obtain additional liability coverage. This type of policy may provide coverage for events that are not covered by your homeowners liability insurance, and often has higher policy limits. This typically extends protection policies from $1 million to $5 million, which can help protect from bankruptcy after an unforeseen incident.
How Much Does Homeowners Liability Insurance Cost?
The cost of your homeowners liability insurance will depend on your policy limit. Your policy limit is the amount your insurance company will pay in the event of a claim. Anything that extends beyond your limit will become an out-of-pocket cost. Coverage can be increased depending on individual needs.
Be sure to talk with your agent at Lupton & Luce Inc. to get an estimate on your homeowners liability insurance coverage.
Contact Us Today!
At Lupton & Luce Inc., we want to help you get the coverage for you and your home. Call us today to speak with an agent about homeowners liability insurance coverage!
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