Although not a key element in disaster planning, it is also im-portant to have adequate liabil-ity protection. This covers you against lawsuits for bodily inju-ry or property damage that you or your family members may cause to other people. It also pays for damage caused by pets or livestock. Liability insurance pays for both the cost of de-fending you in court and for any damages a court rules you must pay—up to the limits of your policy. Most homeowners in-surance policies provide a mini-mum of $1,000,000 worth of liability insurance, but most people are increasing their lim-its up to 2,000,000 these days.
It is Very important to purchase enough liability insurance to protect your assets. If the stand-ard liability coverage in your homeowners policy is not suffi-cient, you may need an excess liability, or umbrella policy, which provides additional cov-erage over and above what is covered on your home (and au-to) insurance policy.
If you do suffer damage from a disaster, contact your insurance advisor as soon as possible and begin the claims filing process. Give Us a Call today if you have any questions on your cover-age.