5 most common home insurance liability claims

Your guests can be the liability!

Peggy Claytor

If your homeowners insurance policy doesn’t have enough liability coverage and a visitor is injured while visiting your home, you could be left footing a very pricey bill. Liability claims against homeowners are common.

• 1. Dog bites.- The III reports that the average dog-bite cost per claim in 2012 was $29,752.
• 2. Home accidents - If someone happens to slip on ice and snow that you fail to shovel on your walk,” you could be held responsible.
• 3. Falling trees- If you own a tree that poses a hazard, it’s up to you to trim the branches or have the tree removed entirely.
• 4. Intoxicated guests-If you host a party and one of your guests becomes intoxicated, you could be held responsible for any harm he or she causes to other people or property.
• 5. Injured domestic workers -If you hire domestic workers to clean your home or care for your lawn, you have the potential for liability claims when they are injured on the job.

A typical homeowners or renters insurance policy includes a minimum of $100,000 for liability, according to the nonprofit Insurance Information Institute III). A personal umbrella liability policy will provide you with additional protection. You typically can buy $1 million in umbrella liability coverage for $150 to $300 per year.

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