Water Damage Legal Liability Insurance
What Does Water Damage Legal Liability Insurance Mean?
Water damage legal liability insurance is a policy that provides coverage for individuals or businesses that unintentionally cause water damage to someone else’s property. It can be purchased as a standalone policy or added as a rider to an existing policy, such as a homeowner’s insurance policy.
Insuranceopedia Explains Water Damage Legal Liability Insurance
Keep in mind that while some homeowner’s insurance policies cover water damage legal liability, others do not. For example, if a condo owner experiences a toilet overflow that causes damage to the bathroom on the floor below, and the affected individual sues for repair costs, water damage legal liability insurance would provide coverage.
For renters, this type of coverage can also be valuable, as they do not have homeowner’s insurance and may be responsible for paying for damage to the rental property.
