Homeowners Insurance - How to Maximize Your Dog and Premises Liability Coverage?

By Adams Bridges

Your home is the place where you protect yourself, your family and your pets against any danger. You keep your belongings in your home therefore, buying homeowners insurance and contents coverage is a recommended method to gain peace of mind. Liability coverage protects you and your household against any legal consequences may arise in case one of your visitors injured in your house or any property damage caused by your pet.

According to Centers for Disease Control and Prevention: dog bite is the third cause of injuries and emergency room visits or hospitalization in the United States. Most of liability claims filed against homeowners insurance policyholders is due to dog bite. Homeowners insurance provider may not pay out for liability if the dog has history of attacking people and the company may consider the attack due to negligence of the dog owner. In many cases the company may not insure the dwelling at all, if the owner keeps dangerous breed.

If you have any dangerous breed such as German shepherd or pit bull, it's necessary to get your pet well-trained by a professional dog trainer. Never unleash your dog in public. Children are vulnerable to dog bite, therefore don't leave children alone with your dog. It's important to review your homeowners insurance policy to make sure your liability coverage is adequate in case your dog bites anybody and he or she sue you. The standard homeowners insurance policy has a liability amount up to $100.000 you can raise your coverage up to $500.000 to avoid being exposed.

Premises liability coverage is an important part of your basic homeowners insurance policy. Liability coverage is the only guaranty prevents any financial loss could happen to you and your family. In case part of your dwelling's construction collapses over your neighbor roof causing significant damage, your homeowners insurance company will pay out if lawsuit filed against you and the judge find you legally responsible for the loss. Your liability coverage protects you against any medical expenses if one of your visitor injured while he or she is in your premises your liability insurance extended to cover your family, your pets and anyone live within your premises.

Buy adequate liability coverage when you in the market for homeowners insurance to boost your financial stability.