Liability coverage is insurance that protects the policyholder against accidents or damages. This article explains how this type of coverage can safeguard homeowners and business owners.

Understanding Liability Coverage

Liability coverage shields the policyholder from accidents that result in bodily injury or property damage. These accidents can occur in a residential or commercial environment.

For a liability insurance claim to be valid, the reported incident must be classified as an accident. Liability coverage does not extend to intentional acts.

Benefits of Coverage

Property owners may not have the funds to cover extensive medical bills or repairs. A liability insurance policy is designed to cover these costs if another party sues an individual.

The policy payout can be used for healthcare expenses, legal fees, and any other costs the insured party must pay.

The Role of Inspection in Liability Insurance

If you’re considering liability insurance, an inspection process can help assess the risk of incidents that might lead to an insurance claim.

For example, if you own a business, you can arrange for an inspection of your premises. This inspection will identify any potential risks that could lead to injury or property damage.

If numerous risks are identified, adding a substantial amount of liability insurance to your existing policy might be beneficial.

Consulting with a TruePoint Insurance Agent

Contact one of our insurance agents in Pooler, GA. The agent will help you add liability coverage to your policy.