Buyers Brokers Only, LLC
The Mezini Team, Buyers Brokers Only, LLCPhone: (508) 801-7122
Email: [email protected]

Understanding personal liability coverage: A guide to protecting your interests

by The Mezini Team 12/28/2022

yello and purple toned image with text

Homeowners insurance is made up of multiple types of coverage. One of those coverages is personal liability coverage. This article provides a basic guide to understanding what liability insurance covers and its value. 

What does personal liability insurance cover?

Personal liability insurance provides financial coverage in case someone is injured on your property. This type of policy offers coverage to you and the members of your household. 

For example, imagine a visitor falls and is injured in your yard or home. If you’re found to be at fault for this injury, liability insurance covers the claim. 

Is personal liability insurance required for homeowners?

Personal liability insurance isn’t a requirement for homeowners. However, mortgage leaders will require loan borrowers to purchase this insurance to protect their investment. 

For example, let’s say someone has an accident in your home and decides to sue you. They could possibly go after your home as an asset. Lenders have invested in this asset, so they don’t want to compromise their stake. 

Do renters need personal liability insurance?

Many rental companies will require tenants to get renters insurance including liability coverage. This covers the same perils as standard liability insurance for homeowners. 

Accidents happen. Having liability insurance covers you and your household when they do. Even though liability insurance isn’t a requirement, having it can save you from paying out of pocket in the case of an emergency. 



About the Author
Author

The Mezini Team

  After a short stint as a litigation attorney, Femion joined Buyers Brokers Only, LLC in May 2009. His approach of not selling his clients on a particular property but, instead, helping them make educated decisions has resulted in a growing customer base, including repeat clients and an extensive network of referrals. Femion works diligently to help his clients get the property they want under the best possible terms while making the property-buying process as smooth and stress-free as possible.
Femion had a stellar 2021, helping dozens of clients reach their real estate goals. Individually, Femion exceeded $52 million in gross sales while maintaining his clients' exemplary reviews, making him the number one exclusive buyer broker in the country.  
Attorney Michael Lord has recently joined Femion to form The Mezini Team. Together, the team will expand coverage of the Greater Boston real estate markets, decrease response time to client inquiries, and provide an overall more efficient service for their clients. Their team will work tirelessly to maintain the level of customer service that has made Femion the top exclusive buyer agent.