Are you confident that your homeowners insurance fully protects you against all potential liabilities?

Could there be hidden exposures in your policy that might leave you financially vulnerable?

At Concierge Insurance Group, we understand that standard homeowners policies often have limitations that can catch homeowners off guard. Our commitment is to provide clarity and comprehensive solutions to ensure you’re adequately protected.

In this article, we’ll uncover seven commonly overlooked gaps in standard homeowners liability coverage and guide you on how to address them effectively.

1. Insufficient Personal Liability Limits

Many standard policies offer personal liability limits that may not reflect the true risks homeowners face today. A severe accident on your property could result in legal fees and damages exceeding your policy’s limits, leaving you to cover the difference out-of-pocket.

Consider increasing your liability limits or adding an umbrella policy to provide additional protection.

2. Exclusions for Certain Dog Breeds

Some insurance policies exclude coverage for incidents involving specific dog breeds deemed “high-risk.” If your dog bites someone and your policy excludes that breed, you could be personally liable for medical and legal expenses.

Review your policy’s exclusions and discuss pet liability coverage options with your insurance advisor.

3. Limited Coverage for Home-Based Businesses

Operating a business from home can introduce liabilities not covered under standard homeowners insurance. For instance, if a client is injured on your property, your policy might not cover the incident.

Explore adding a home-based business endorsement or a separate business policy to ensure adequate coverage.

4. Gaps in Coverage for Rental Activities

Renting out a portion of your home or listing it on short-term rental platforms can create coverage gaps. Standard policies often exclude liabilities arising from rental activities.

Inform your insurer about any rental activities and consider appropriate endorsements or landlord insurance policies.

5. Inadequate Protection Against Libel and Slander

In our digital age, homeowners can face lawsuits over social media posts or online reviews. Standard policies may not cover personal injury claims like libel, slander, or defamation.

Add personal injury coverage to your policy to protect against such risks.

6. Exclusions for Certain Recreational Equipment

Owning recreational equipment like trampolines, ATVs, or pools can increase liability risks. Some policies exclude incidents related to these items or require specific safety measures.

Discuss with your insurer about necessary safety requirements and ensure these items are covered under your policy.

7. Limited Coverage for Incidents Away from Home

Liability coverage often extends beyond your property, but there can be limitations. For example, if you accidentally injure someone while traveling, your policy might not provide adequate protection.

Review the extent of your off-premises liability coverage and consider umbrella insurance for broader protection.

Ensuring Comprehensive Protection

Navigating the complexities of homeowners liability coverage can be challenging. At Concierge Insurance Group, we’re dedicated to simplifying this process and ensuring you have the protection you need.

Next Steps:

• Review Your Current Policy: Understand the specifics of your existing coverage.
• Consult with Our Advisors: Our team can identify potential gaps and recommend tailored solutions.
• Consider Additional Coverages: Explore options like umbrella policies or specific endorsements to enhance your protection.

Your peace of mind is our priority. Let us help you fortify your homeowners liability coverage against unforeseen risks.

Contact Concierge Insurance Group Today

Ready to ensure your homeowners liability coverage is comprehensive and tailored to your needs? Reach out to our experienced team at Concierge Insurance Group for a personalized consultation.