WKBT
January 25, 2021 12:19 PM Ashley Chorpenning - Forbes Advisor
Posted:
Updated:
January 27, 2021 8:37 AM
Liability insurance protects you and your family’s finances from major disasters, such as a lawsuit against you (even if the charges are groundless). For example, if you crash into someone else, liability car insurance pays for a legal defense and any judgments or settlements. Or if your dog bites someone, homeowners liability insurance covers medical expenses.
But the safety net of liability insurance only stretches as far as the coverage amount you have. If you have significant assets that you could lose in a lawsuit, you need higher levels of liability insurance. Here’s more on what can be taken from you in a lawsuit.
Channel3000.com
January 25, 2021 12:19 PM Ashley Chorpenning - Forbes Advisor
Posted:
Updated:
January 27, 2021 8:52 AM
Liability insurance protects you and your family’s finances from major disasters, such as a lawsuit against you (even if the charges are groundless). For example, if you crash into someone else, liability car insurance pays for a legal defense and any judgments or settlements. Or if your dog bites someone, homeowners liability insurance covers medical expenses.
But the safety net of liability insurance only stretches as far as the coverage amount you have. If you have significant assets that you could lose in a lawsuit, you need higher levels of liability insurance. Here’s more on what can be taken from you in a lawsuit.