Home Liability Insurance Will Cover You Against Being Sued
One of the covers it really pays you to carry these days is public - or, as it's often referred to, personal - home liability insurance.
The reason for this is simply that you are not protected against the loss of property, damage to property, injury or illness incurred by any visitor to your section or house.
What you need to do, therefore, is to ensure beyond your house and contents; insure to protect yourself from the follies of others.
The trespasser or the burglar, the charity door-knocker or the power metre reader - they all have equal status these days, as ridiculous as that may seem, and the law says that you must be responsible for their safety while they are on your property or in your home.
The visitor who trips over your garden rake and twists her ankle or the caller who slips and falls on your wet path, either may sue you if he or she wishes.
No, you did not place that rainfall on your path, with or without malicious intent, but you are responsible for the outcome of the caller's failure to tread carefully.
The reference to "coming on to your property" includes the site where you are still building your dream home; you have no building as such, or contents, yet to insure, but you must take precautions against a visitor's injury or loss of any material possession (say the architect's valuable blueprints get eaten by your dog).
Home liability insurance falls into two broad categories - personal and medical.
Personal home liability insurance is aimed at protecting you against injury to anyone on your property or loss of, or damage to, that person's material possessions.
It will help you with his court costs, in the event that the proceedings descend to that level.
Medical liability is intended to pay for someone's medical expenses resulting from an injury incurred while on your property or in your house.
This cover would include such contingencies as doctor's bills, ambulance charges, hospital stays, X-rays and ultra-sound scans, and pharmacists' charges for prescriptions.
There are a few insurance companies that offer "umbrella" cover, which is insurance that's additional to your car and homeowner's liability.
This form of insurance, which is surprisingly affordable, will be capped at a certain level, but is designed to bridge the gap, or the excess, over and above your basic cover.
Bear in mind, though, that the cover afforded by home liability insurance is not determined by the all-up value of your assets.
Whatever amount the court rules against you, that's the amount with which you must come up - even if it exceeds your total assets.
Liability insurance, therefore, will cover you not only against being sued in the normal way, but also for any medical costs claimed by the person injured on your property.
The reason for this is simply that you are not protected against the loss of property, damage to property, injury or illness incurred by any visitor to your section or house.
What you need to do, therefore, is to ensure beyond your house and contents; insure to protect yourself from the follies of others.
The trespasser or the burglar, the charity door-knocker or the power metre reader - they all have equal status these days, as ridiculous as that may seem, and the law says that you must be responsible for their safety while they are on your property or in your home.
The visitor who trips over your garden rake and twists her ankle or the caller who slips and falls on your wet path, either may sue you if he or she wishes.
No, you did not place that rainfall on your path, with or without malicious intent, but you are responsible for the outcome of the caller's failure to tread carefully.
The reference to "coming on to your property" includes the site where you are still building your dream home; you have no building as such, or contents, yet to insure, but you must take precautions against a visitor's injury or loss of any material possession (say the architect's valuable blueprints get eaten by your dog).
Home liability insurance falls into two broad categories - personal and medical.
Personal home liability insurance is aimed at protecting you against injury to anyone on your property or loss of, or damage to, that person's material possessions.
It will help you with his court costs, in the event that the proceedings descend to that level.
Medical liability is intended to pay for someone's medical expenses resulting from an injury incurred while on your property or in your house.
This cover would include such contingencies as doctor's bills, ambulance charges, hospital stays, X-rays and ultra-sound scans, and pharmacists' charges for prescriptions.
There are a few insurance companies that offer "umbrella" cover, which is insurance that's additional to your car and homeowner's liability.
This form of insurance, which is surprisingly affordable, will be capped at a certain level, but is designed to bridge the gap, or the excess, over and above your basic cover.
Bear in mind, though, that the cover afforded by home liability insurance is not determined by the all-up value of your assets.
Whatever amount the court rules against you, that's the amount with which you must come up - even if it exceeds your total assets.
Liability insurance, therefore, will cover you not only against being sued in the normal way, but also for any medical costs claimed by the person injured on your property.