What is Personal Liability Insurance?
This cover protects the policyholder and members of the policyholder’s household against claims resulting from injuries and damage to other people or their property. It prevents the insured from having to pay large sums out-of-pocket if they are held legally responsible (liable) for something detrimental that happens to a third party.Whilst it can be taken up as an extension to home or owners insurance, in itself is not limited to the premises and it’s a worldwide cover. The policy pays for bodily injury or property damage caused by an occurrence for which the coverage applies and the coverage extends to attorney fees, court costs, and any settlements up to the amount specified by the insurance contract.
