To understand what homeowners or renters insurance covers in a liability situation, let’s discuss several types of accidents that can occur. Statistics tell us that for every 100 claims filed on homeowner insurance, one will be a liability claim. This may not sound like many, but with over 3.5 million insurance claims filed each year, this adds up to over 35,000 liability claims in the U.S. Without homeowners coverage these owners could find themselves in financial trouble if someone is injured on their property.
Some of the injuries that can take place are wide-ranging. Examples are a slip and fall on someone’s property, a homeowner’s tree falling onto your property
and hurting someone in your family, a dog bite by a neighbours dog, or any other time a homeowner has been careless.