What is liability insurance?
If you accidentally damage something that belongs to someone else (outside of your own household), you are liable for that damage. With liability insurance, you are covered for that damage. It’s a reassuring thought because in some cases, damages can be quite expensive.
What damages are covered by liability insurance?
Damages that are accidentally caused are covered by liability insurance. For example, if you accidentally break someone else’s tablet or knock over an expensive vase. Also, injuries to someone else caused by your actions are covered. There are also things that are not covered by liability insurance:
- Damage to your own property or that of your family members
- Damage to rented property
- Damage caused during work
- Damage that is intentionally caused
- Damage caused by a motor vehicle, airplane or boat. Separate insurances are available for these.
Liability insurance for yourself or your family
You can take out liability insurance for yourself, but also for your family. If you take out liability insurance for your family, the damage accidentally caused by you or one of your family members is covered. Even damage caused by your pet to others.
Is liability insurance mandatory?
Some people think that liability insurance is mandatory. However, this is not the case. They may be confusing it with the fact that you are required to insure your car against legal liability. Liability insurance is still recommended. For just a few euros per month, you are insured for the damage you cause to others. If you are not insured and someone becomes disabled due to your actions, the financial consequences for you could be staggering.
Secure your future with a personalized insurance package – Schedule a call now!
Don’t leave the protection of your valuable assets to chance. Our team of experts can help you tailor an insurance package that meets your specific needs and budget. Whether it’s for your home, car, or personal belongings, we’ll work with you to create a comprehensive plan that gives you peace of mind. Contact us today to schedule a call and take the first step towards securing your future.
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