There are gaps in traditional insurance that leave you exposed to liability risks. People today are drawn to many activities that result in a full and active lifestyle such as adventure activities, volunteerism, mentoring, developing skills in sports, training for firearms, special extreme sports, etc. For most, however, understanding the associated risks of injury, fault, and liability is not always thought about until something goes wrong – then there is usually plenty of blame to go around.
Factor in everyday life that offers surprises and things you never saw coming. So as part of your protection plan, you need a partner to make sure you have the right personal protection in place in the event of an incident or claim. Anyone can get sued for negligence, recklessness, or omission in almost all activities. So from everyday to extreme risks, if an incident or claim occurs, and circumstances line up a certain way, lawsuits can happen. Preserve your lifestyle, assets, and financial security by identifying and filling insurance gaps that expose you to paying costly damages from a lawsuit.
We will help you develop a personal protection plan. We’ll deliver a partnership approach for your personal liability protection.
Anyone who answers “yes” to these two questions:
If “yes” to both, this means that most likely you could be held liable on a personal level if a coworker, neighbor, or even stranger found any reason at all to pursue a lawsuit.
What are you supposed to do with this personal liability hanging over your head? You might want to consider personal liability insurance. What is personal liability insurance?
Personal liability insurance: Insurance coverage that will protect you in all the areas that your homeowners, employers, and business insurance policies won’t.
Perhaps there’s a misunderstanding at work with an employee; maybe your neighbor’s child falls off your trampoline; maybe a buddy falls off your ATV and ends up paralyzed. No matter the situation, personal liability insurance is in place to help cover gaps in your traditional insurance coverage, minimize exposure and maximize peace of mind. And thanks to providers like XINSURANCE, personal liability insurance is now possible for you at work, at home, at play.
Accidents can happen, and so can seemingly innocent actions that cause unintended consequences. You may feel that your automobile, home, and professional insurance policies have you covered, but you’re still vulnerable to their exclusions and policy limits.
Here are examples of litigation scenarios:
There are things that are usually not covered under your homeowners insurance policy that may surprise you.
Specialized personal liability coverage added to your home insurance policy will ensure that your earthly establishment is fully covered.
What happens if you and your significant other are an unmarried couple? Then your partner and her children living with you aren’t covered in the homeowners liability insurance policy unless you include her as a named insured. However, many homeowners policies won’t allow this.
This leaves your partner vulnerable to all the liability risks that you are protected from. If she is an active person who is away from home a lot, and/or she has kids who are active and go to school, the liability possibilities are enormous. Consider these scenarios:
The above examples should make it clear that such a huge personal liability gap needs to be addressed as soon as possible. XINSURANCE offers customized liability insurance solutions meant specifically for these kinds of gaps.
Drones can potentially injure people and damage property. Normally, your homeowner’s policy would cover liabilities resulting from building and flying model airplanes as it was done long before drone recreational use became popular.
However, drones have a tarnished reputation from the property damage, injuries, and invasion of privacy issues surrounding their use. They aren’t entirely what many insurers had in mind with their coverage of model airplanes or hobby aircraft. Even if drones aren’t explicitly excluded from a policy, the insurers may decide to deny coverage on the basis of how they define model airplanes.
One definition of a model airplane is that it does not carry people or cargo, that it remains within visual sight of its operator, and that it’s flown for recreational purposes. If a hobbyist is flying his drone beyond his line of sight via an installed camera, that may be sufficient for some insurers to deny the insured their liability coverage. This is a problem if someone is sued because he lost control of his drone and caused property damage or an injury. An injury that results in blindness or any disability that prevents someone from working will likely cause a lawsuit that incurs substantial damages.
Don’t assume your home insurance has you covered. The only way to know for certain, other than finding out after the fact, is to carefully look for coverage gaps.
With XINSURANCE, you can purchase customized liability insurance coverage that will protect you in all the areas that your homeowners, employers, and business insurance policies won’t or can’t. Our underwriting team brings you over 40 years of experience, along with the ability to offer customized limits, coverage, deductibles, and premiums to create the perfect plan for your personal protection.
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