Property Damage Liability Insurance in Atlanta, GA
What Is Property Damage Liability?
Homeowners insurance coverage can vary from policy to policy. If you have damage to your property, you may wonder if you have coverage for it, and the simple answer is yes. Homeowners insurance generally includes liability coverage, which can help provide financial protection in the event you or a covered family member causes injury or property damage to a third party or their property.
What Protection Does It Offer?
A standard homeowners insurance policy insures your home and your belongings. It’s typically a package policy covering both damage to your property and your liability or legal responsibility for any injuries and property damage you or your family members cause to other people. The property damage liability component of your homeowners insurance policy may provide coverage if you or another covered individual under your policy causes damage to a third-party’s property or belongings, or you’re held liable for damage caused. Consider the following example:
For instance, if a tree on your property falls over during a storm damaging your neighbor’s roof you might be responsible for the property damage—and your neighbor could pursue legal action against you in order for you to pay for their roof’s damage. The property damage liability component of your policy may kick in to help pay for the repair costs.
It’s important to note that your homeowners property damage liability coverage doesn’t apply in a car accident. In this case, you’d need car insurance that includes bodily injury protection and property damage coverage.
How Much Does Property Protection Cost?
Because property liability coverage is usually part of your general home insurance policy, your rates may vary based on numerous factors. It’s best to talk with your agent to determine the appropriate liability levels of coverage for you.
How We Can Help
Peachstate Insurance can help you navigate your homeowners insurance needs—including identifying and addressing your liability needs. Contact us
today at 877-997-2478 to get started on your homeowners insurance.