Our society is too litigious to live without a form of lawsuit coverage. Luckily, our insurance companies in Rio Rancho, NM are fully aware of this, and that’s why most coverages, including home insurance, come with liability coverage. You can never really tell how messy a lawsuit can get. That is why Franklin Insurance Agency recommends buying adequate coverage to protect yourself financially if you find yourself involved in a lawsuit.
Are lawsuits covered in home insurance?
Yes. Your home is where you spend most of your time. It is where you invite and entertain guests, and that’s why it is easy to find yourself getting slapped with an expensive lawsuit. A simple slip and fall can result in unexpected lawsuits. Most lawsuits seek monetary compensation for injuries or damages the plaintiff claims the defendant should be liable for.
How does home insurance protect you against lawsuits?
When someone sues you for damage on their property or injuries in Rio Rancho, NM, home insurance comes in and pays for the legal fees required in court, such as hiring a lawyer. Depending on your coverage limits, your coverage can also compensate for the lost income when attending the court sessions.
Home insurance also pays monetary compensation for medical bills for the injured party and the repairs and replacements to be done. Since home insurance is a family policy, everyone is covered. If any of your family members is involved in a home lawsuit, home insurance can pay for the legal fees required.
What is exempted
Homeowner’s insurance will likely not cover any injuries resulting from an intentional act on your part. So if you assault someone on your property knowingly, especially someone who was there with your consent or permission, and they file a complaint, your insurance agency coverage won’t protect you.
For further clarification on lawsuits, visit or contact us at Franklin Insurance Agency, and we will answer all your questions.