Homeowners insurance in New York: Liability Coverage
Personal liability refers to bodily injury or property damage to other individuals or their stuff because of your actions, at your home, and anywhere else. Property damage includes you accidentally causing damage to someone else’s property; as well as the damage to your rented apartment due to smoke, fire or explosion.
Your liability coverage can help to pay for medical payments, property damage payments, accidental damages to others caused by you or your pets, as well as a lawyer to defend you in court.
To determine how much liability coverage you might need, you should first determine how much your stuff is worth. You should also take into account the total dollar amount of your financial asset, and anything else worth money.
