Homeowners in Albany, NY often rely on their home insurance policy to protect them in cases of property damage or liability lawsuits. Understanding how your policy addresses dog bites and the potential lawsuits that may arise from them is essential.
Liability Lawsuits
Most home insurance policies include liability coverage as part of the standard policy, which can assist if you’re facing a liability lawsuit. However, it’s important to confirm the specifics of your coverage with an agent at Toedt Insurance Agency LLC. Keep in mind that there are exceptions and important details to consider regarding liability coverage.
Coverage Limits
Every insurance policy has a coverage limit. For example, if your policy’s liability coverage limit is $20,000 and the judgment against you exceeds that amount, you’ll be responsible for paying the remaining balance. If you have an umbrella policy, it can provide additional coverage to cover the excess amount.
Specific Exclusions
Home insurance policies often include specific exclusions, particularly when it comes to dogs or dog bites. Some insurance companies require you to inform them about owning a dog before filing a claim. Others may exclude incidents involving pets entirely, offering no coverage for such events. Additionally, it’s common for policies to exclude certain dog breeds or limit coverage to a single dog bite lawsuit.
To avoid surprises, it’s crucial to review the fine print of your policy before an incident occurs. The agents at Toedt Insurance Agency LLC are here to help you understand your coverage and answer any questions. If you’re currently involved in a liability lawsuit, we can assist you as well. Contact our experienced representatives today to learn more. We proudly serve the Albany, NY area.
