Have you ever had someone accidentally damage your property? If you’ve been in a car accident that wasn’t your fault, you have. As humans, we all make mistakes. We must have a little mercy on each other because we’ve all been there; no one is perfect.
Our assets are valuable to us. When we invest in something, we want that item to last as long as possible. Sometimes, we have no control over the accidents that cause damage to our valuables. Though we can be forgiving, we still want justice. No one wants to pay for something that wasn’t their fault.
It goes both ways. We could accidentally cause damage to another person’s assets. We should all be held liable for our actions that affect another life. When our mistakes/accidents result in damage to another’s property, or injuries to another person, liability insurance provides the financial protection we need.
This is essentially why we have liability insurance to cover our backs.
In general, liability coverage does not include intentional damage to another’s property. Liability is reserved for unintentional accidents.
There are multiple kinds of liability coverage. All of us need liability coverage for our own mistakes. For commercial insurance, businesses and even medical practitioners are held responsible for their products and services.
This is just to name a few. There are more types of liability that insurance covers. Speak with your independent insurance agent about your personal needs to explore your liability options.
By: KayLynn P.