Do you need personal liability coverage?
Personal liability coverage is included in your homeowners insurance policy, but also available to purchase separately. Having additional liability coverage can help protect you financially from any claims made against you for injury or damages. However, it can be difficult to determine whether you actually need additional liability coverage.
Here are some things to consider if you’re thinking about personal liability insurance:
What does personal liability insurance cover?
Personal liability coverage provides financial support if you’re sued or found liable in court. Here are some examples of situations included in most personal liability insurance:
- Somebody gets injured in your home or at another property you own.
- Somebody gets injured in a traffic accident where you’re at fault.
- Accidental property damage caused by you.
- Lawsuits for libel, slander or false arrest.
- Paying court fees for lawsuits brought against you.
What is excluded from coverage?
While details vary from one policy to the next, the following are typically excluded from personal liability insurance coverage:
- Your personal injuries.
- Damage to your own property.
- Business-related accidents.
- Workers compensation.
- Any situation where you’re held liable under a contract.
Determine possible risk factors
If you wonder whether you should have personal liability coverage, the best way to start is to identify any possible risk factors related to your property or lifestyle. Some questions to consider might include:
- Do you own one or more rental properties?
- Do you frequently entertain large groups of people at home?
- Do you have a pool or trampoline in your yard?
It’s a good idea to consult a financial advisor for help identifying risk factors and strategies for protecting your assets. Whether you get personal liability coverage is up to you, but the more you understand about the options, the better choice you can make for your situation.
About the Author
Daniel Martin, Higgins Group Private Brokerage, Licensed in CT, Lic. #RES.6767971
With over two decades of experience in Connecticut real estate, Daniel Martin is a seasoned Realtor at Higgins Group Private Brokerage, renowned for his exceptional market insight and unwavering client dedication. A lifelong Connecticut resident, Daniel's deep roots in the community, coupled with his extensive professional background, provide an invaluable advantage to both buyers and sellers across Fairfield and New Haven Counties.
Daniel's distinguished career is marked by consistent achievement, earning him the prestigious Connecticut Magazine 5 Star Realtor award from 2014 to 2025. He is a perennial Top Producer, recognized as both a Top Listing Agent and Top Selling Agent, a testament to his strategic approach and keen understanding of market dynamics. His expertise spans a broad spectrum of real estate needs, including guiding First Time Home Buyers, navigating transactions for Single and Multi-Family Homes, Land, New Construction, New Residential Developments, Condominiums, Downsizing, and Rentals.
Beyond his impressive track record, Daniel's professional affiliations include memberships with the National Association of REALTORS (NAR), Connecticut Association of REALTORS (CAR), Bridgeport Board of Realtors, Smartmls and Greenwich MLS. His foundational education in real estate from Naugatuck Valley Community College, complemented by studies at Connecticut School of Electronics and Housatonic Community College, underpins his comprehensive understanding of the industry.
Daniel's unique blend of customer service acumen and technological proficiency sets him apart. He leverages every available marketing resource to ensure his clients' homes gain maximum exposure and stand out in the competitive market.
When not orchestrating successful real estate ventures, Daniel cherishes time with his family, including his wife, two children, and four grandchildren. A passionate musician and golf enthusiast, he embodies the vibrant spirit of the Connecticut communities he serves. Daniel's network extends globally, allowing him to facilitate referrals anywhere in the world.
