Personal Liability Insurance is the type of coverage that will protect your assets in the present and in the future. In the of a claim against you, whether you are at fault or not, personal liability coverage will protect you from paying legal defense fees. The cost of personal liability coverage is included in your residential policies, such as Renter’s Insurance, Homeowner’s Insurance, and Condo Insurance.

Personal liability insurance policy will pay for your legal expenses in the event you are at fault in an accident where you cause damage to other people or property. The liability coverage on your residential insurance policies includes the following:

• Bodily injury
• Property damage
• Legal defense costs
• Medical payments
• Damage to others cause by members of your household
• Damage to others caused by your pets
• Damage to others caused by the employees at your residence

You should purchase liability coverage as you interact with others on a daily basis thus you have to take responsibility for your actions. Liability coverage is inexpensive and is a part of residential policies. Your assets, like investments or property, in the present and in the future will be protected if you have purchased personal liability coverage.