As a homeowner, you are responsible for keeping the outside and inside of your house safe for guests. If a guest comes over and trips and falls over your broken stairs, you may be held accountable in a premises liability claim.
The good news is that your home insurance can help you out in this situation. Keep reading to learn about how home insurance may cover premises liability claims. If you’ve been hurt while visiting someone’s home or someone has been injured on your property, you do have legal options.
What are Premises Liability Claims?
Property owners have a legal duty to keep their premises safe for guests. If you are a homeowner, it is your responsibility to maintain your home and make sure that it is free of hazards for anyone who may visit. This may mean repairing broken stairs, loose handrails, cracked sidewalks, and other dangerous conditions.
In the event, you fail to do so and someone who has the right to be on your property suffers an injury, they may file a premises liability claim against you. Through this claim, they may be able to recover compensation for their medical bills, lost wages, pain and suffering, and other damages they may have sustained.
What is Home Insurance?
Home insurance is a type of property insurance that covers any losses and damages to your house and its assets. It also provides liability coverage against any accidents that may happen in your home or on your property.
If you have a mortgage, home insurance premiums are likely added on to your monthly payments along with your property taxes. In the event your house is paid off, you may pay for your home insurance in one lump sum payment once a year or in monthly or quarterly increments.
Regardless of how you pay for your home insurance, it can save you a great deal of out-of-pocket expenses and headaches if someone sustains an injury in or outside of your home and decides to file a premises liability claim against you.
It’s important to note that while your home insurance policy may help you out in a premises liability lawsuit, it will only pay up to a set dollar amount. Therefore, if the amount you owe the injured party exceeds your coverage limit, you may be on the hook for the difference. Also, if the injury is considered “purposely inflicted” because someone trips and falls down your stairs on purpose, your home insurance policy probably won’t cover it.
If you’d like to avoid out-of-pocket expenses in this type of situation, you may want to invest in a personal umbrella policy, which is optional and may offer greater protection beyond the traditional limits of a home insurance policy.
Unlike car insurance, which is necessary in most states, home insurance is not required unless your mortgage lender makes it mandatory. However, it is in your best interest to invest in it as you may need the financial protection if your home and belongings become damaged from a natural disaster, get stolen, and/or someone sustains an injury on your property.
Contact Staver Accident Injury Lawyers, P.C.
Premises liability claims can be complicated, especially when they occur at your home or the home of a friend or family member. If you get injured in or outside of someone else’s home or are a homeowner who is dealing with a premises liability claim against you, consult Staver Accident Injury Lawyers, P.C. We can ensure your rights are protected.