Accidents can quickly result in a liability lawsuit. These vary from someone slipping on a sidewalk because you forgot to put out salt to accidents on your trampoline. Home insurance can help, but there are exclusions you need to know about. 

Liability

Most policies in Laurel MD provide liability coverage. This type of coverage kicks in during these lawsuits to help pay for medical bills or other expenses resulting from the injury. 

All policies have a certain level of coverage. The coverage limit is the most an insurance company will pay out for things like bodily injury. If the cost exceeds your coverage limit, you’ll be responsible for the rest. 

Exclusions

There are several exclusions that can apply. Some companies exclude people slipping on the sidewalk because they say it’s your responsibility to prevent that accident. Others may exclude animal injuries, such as dog bites. 

Insurance companies tend to vary regarding amenities like swimming pools or trampolines. Most will exclude these accidents if you forget to tell the company about the amenity. Others may provide more coverage in case there’s an accident, which can lead to you paying a higher monthly premium. Speak with an agent at a company like Mid Atlantic Insurance Financial to learn more about your personal policy. 

Additional Coverage

Many situations call for additional coverage. High-risk amenities, such as trampolines and swimming pools, often require additional liability coverage through your insurance company. You may need additional insurance to cover accidents involving your pet. Some insurance companies will provide coverage, but some don’t. You may need to obtain special insurance through another provider. 

There are various types of accidents that can result in a liability lawsuit. It’s important to understand how your policy works before one happens. Contact Mid Atlantic Insurance Financial today to learn the details regarding coverage. We’re currently serving the Laurel MD area.