Specialized Personal Liability Coverage Can Protect You from Costly Legal Action
Do you know what is – and, more important, what is not – covered under your primary liability insurance policies, such as automobile, home, and professional policies?
Most homeowners would be surprised to learn that many home insurance policies specifically exclude such common things as trampolines and pets. This means that if anyone visits your home and is injured by taking a bad fall on your trampoline, or is bitten by your dog, you are one hundred percent financially liable if they decide to sue you for those injuries. Since the insurance company commonly excludes coverage for these items from their policies, they have zero liability to pay for any damages or lawsuits related to them.
And those are only two examples. There are many, many other areas of inadequate or non-existent coverage in nearly all liability insurance policies.
Many people with what they assumed was perfectly adequate insurance coverage have found out the hard way just how limited their liability insurance actually is. Unfortunately, they only found out after an incident had occurred – and after they were hit with financially ruinous personal injury lawsuits.
The professionals at XINSURANCE can help you evaluate your primary personal liability coverage and can offer you a policy that can fill those gaps in your coverage. If you have specific needs related to your job or hobbies, they can even custom-craft coverage specifically for you.
Don’t wait until disaster strikes to find out just how limited your insurance cover is.
Contact us today to see what we can do to and ensure your future financial security.
Authored by Rick J. Lindsey, President, Chairman, and CEO of XINSURANCE
Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Rick J. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick J. Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick J. Lindsey discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Rick J. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick J. Lindsey to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. XINSURANCE also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are XINSURANCE can help.
