Cheap home insurance will usually come at a sacrifice of many parts of coverage that are there for the home owner's protection. It is for this reason that it is not always beneficial to purchase the cheapest possible policy. If/when a claim happens, the homeowner could be stuck paying out of pocket for something that would have normally been covered.
One aspect of coverage that is normally limited in cheap home insurance is liability coverage. Liability coverage is the homeowner's protection if/when they would be held liable for the damages to someone else physically or to the property of someone else.
A standard home insurance policy will come with $100,000 of personal liability coverage. For the vast majority of damage/injury, this would be sufficient. However, studies have shown that if a claim is filed, the likelihood of the claim being significant is high. The liability coverage is not an aspect of home insurance that would be recommended to diminish in an effort to save $ on the policy. In fact, it is usually recommended to include the most that would be available; even adding an umbrella policy to further increase liability protection.
Contact your Agent and discuss your liability coverage on your policy. To review a home insurance option with The Wertzberger Agency, please contact us at 913-383-3276.
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