Unfortunately, we live in a society where people purposefully go out of their way to find a reason to sue someone. The culture of litigation is all around us, and this means that we must protect ourselves as well. This is where liability insurance comes into place, something that you have to have if you are a homeowner. People like Stephen R Buzzi can advise you on what the best form of insurance is for you. At the end of the day, however, what matters most is that your home and the contents of your home are properly protected in case something gets damaged or lost. At the same time, you must be fully protected against the eventuality of someone injuring themselves or otherwise coming to harm while in your home.

What Is Homeowners’ Liability Insurance?

This type of insurance was put into place to make sure that everybody inside a property is safe and protected at all times. This includes during the construction process. Hence, if you do not yet have any contents inside your home, or if you have only recently come to lay the foundations, you still need to have liability insurance in place. What few people know is that they even have to protect people who come onto their property uninvited, even if they are trespassers!

Usually, there are two types of liability insurance, being medical and personal. The latter is there to cover you in case somebody is injured on your property, or has their belongings damaged. If a claim is made, then the insurance will pay for your court representation, if that is required, as well. The medical element is there to make sure that the cost of medical treatments on covered if someone sustains an injury while on your property. This includes things such as hospital stays, x-rays, physicians’ visits, and so on.

It is quite common for insurance companies to offer “umbrella” insurance, which means that you have both personal and medical cover in one. There are limits to these policies, however, particularly in terms of how much they will be happy to pay out. Umbrella insurance is a lot more affordable than separate policies, but the coverage is usually a lot more limited. Hence, you need to advice of people like Steve Buzzi to make sure you get the right type of policy for your needs.

Which Policy Is Right for You?

Exactly what type of policy you need depends on your personal circumstances. Do not make the mistake of thinking the value of your assets is what you have to insure. Rather, a judge will determine how much you have to pay, which may be far more than your assets. Again, this is why it is vital that you speak to someone like Stephen Buzzi to determine what it is that you need. Specialists like him will usually offer you the most suitable option as you are negotiating your mortgage contract.