A Quick Guide To Personal Injury And Liability
It is incredibly common for people to get personal injury and personal liability confused. We have even seen professional law firms make this mistake.
So, how can you know the difference? Well, you read this article, as we will explain everything to you.
The first thing you need to know is that personal injury and personal liability are both types of insurance. They are both very relevant when you are trying to get homeowners’ or landlords’ insurance.
Today, we are going to break down what each type of insurance is, who needs to take out that type of insurance, and why they are different.
Why Do People Get Personal Injury And Personal Liability Confused?
These two types of claims and insurance are often confused because both are discussed when someone is injured. Most of the time, if an injury has occurred then both Injury and Liability are relevant and both claims can be made together.
They are, however, different situations that just happen to occur at similar times commonly.
There is a big benefit to taking out both Personal Injury and Personal Liability insurance.
What Is Personal Liability Insurance? What Is A Personal Liability Claim?
If someone gets physically hurt in your home, or you (or your children) are responsible for hurting someone else then a personal liability claim can be made against you.
If you lose this case then you could be responsible for covering loss of earnings, medical bills, recovery costs, therapy costs and more of the person who was injured.
Personal Liability insurance will help you pay this money.
Depending on the type of injury that occurs, you could be paying millions of dollars to the victim. But for many of us, even having to pay $50,000 could force us to sell our home, or go into debt.
Who Needs Personal Liability Insurance?
Many homeowners’ and landlords’ policies already include personal liability insurance. However, if yours does not, we recommend taking it out immediately.
We are all aware of how costly medical bills are in this country. If you have to pay someone else’s medical bills then you cannot use your own medical insurance to cover it, you have to pay out of pocket or have Personal Liability insurance.
What Is Personal Injury Insurance? What Is A Personal Injury Claim?
Of the two insurances, Person Injury is the least common. It is designed to protect you from someone making a personal injury claim.
While Personal Liability covers bodily harm, Personal Injury covers everything else – including but not limited to false arrest, detention, or imprisonment; malicious prosecution; wrongful eviction; slander; libel; and mental trauma.
Taking out Personal Injury insurance will protect you from bankruptcy if anyone makes a pain and suffering recovery claim against you. This can be up to $800,000 if one person is injured in your home, but it can go upto $1,200,000 if two or more people are injured in your home.
There are lawyers who specialize in personal injury claims and cases – like https://brockmaninjurylawyer.com/alpharetta-personal-injury-lawyers/. If you want to make a personal injury claim they can help you, but they can also defend you if someone is making a claim against you.
Personal Injury insurance is less common than Personal Liability as it is an optional type of homeowners insurance.
Who Needs Personal Injury Insurance?
If you take our Personal Injury insurance, you will be given financial help if you have to pay anyone’s physical and mental medical bills if they are hurt in your home.
Because of how expensive these types of claims can be (upto $1,200,00 in most states), the average person cannot afford to make these payments without insurance. Therefore, nearly everyone would benefit from taking out Personal Injury cover.
Do I Need Both Personal Injury And Personal Liability Insurance?
Yes, these are two different types of insurance and over two different types of legal claims. If you only take out one of them, you will only be partially covered if someone hurts themselves at your home.
If you take out both types of insurance, then you have peace of mind knowing that you will be covered no matter what happens. It is especially important to be covered in this country, as so many people are quick to sue even over the smallest things.
If you have both types of insurance, you can rest easy.
