A lot of homeowners decide against liability policies, which protects
you if someone hurts themselves at your house and decides to sue you.
People who elect to have liability insurance often receive $300,000 in
coverage, but it only costs about $25 more to have $500,000 in coverage.
Most liability policies top out at $1 million, but homeowners can buy
excess liability policies, also known as umbrella policies, which give
you an additional $1 million in coverage. Umbrella policies may seem
excessive, but they make a lot of sense for people with pools, where
there is a threat of drowning. (For more information about umbrella
insurance, see
Post a Comment