Personal Liability Insurance

What Does Personal Liability Insurance Mean?

Personal liability insurance provides coverage for liabilities that individuals, rather than organizations, may be held responsible for.

Many homeowners and auto insurance policies include a certain amount of personal liability coverage. However, personal liability insurance can also be purchased as a stand-alone policy.

Insuranceopedia Explains Personal Liability Insurance

There are various types of liabilities for which a person can be held accountable. For instance, if someone is injured due to a slip and fall on your property, or if your child breaks a neighbor’s window with a baseball, you could be held liable for both incidents.

Injuries can be costly to reimburse due to high medical expenses, lost wages, and pain and suffering. However, personal liability insurance can help mitigate the financial burden of such reimbursements.