7 Shocking Risks of Not Having Comprehensive Personal Liability Insurance!
Introduction
Are you in Edmonton or Sherwood Park? Think about your insurance. Do you have comprehensive personal liability insurance? Many people don’t. At Reliant Insurance Brokers, we see problems when they don’t. We help people in Edmonton and Sherwood Park.
Life has surprises. Accidents happen. Someone could slip at your home in Edmonton. Your dog could bite someone in Sherwood Park. These things can cost much money. This blog tells you seven significant risks of not having comprehensive personal liability insurance.
Here are seven shocking risks for you:
1. Big Bills from Lawsuits
Think about this: Someone visits your home in Edmonton. They trip, fall, and get hurt. They could sue you. They will ask for money to cover their doctor’s bills. They might also ask for money they lost if they couldn’t work. Plus, they might want money for their pain. You must pay any expenses yourself if you do not have comprehensive personal liability insurance, which could add up to a large amount.
2. Paying for Damage You Cause
Think about this: Sometimes accidents happen. For example, maybe a big storm knocks a tree down from your yard, and it falls onto your neighbor’s garage, causing damage. If the accident was your fault – maybe the tree was unhealthy, and you didn’t take care of it – then you would likely have to pay to repair or rebuild your neighbor’s garage. Comprehensive personal liability insurance can help in this situation. It can pay for the damage caused, saving you much money.
3. High Costs for Lawyers
Here’s the thing: Even if you think you did nothing wrong in an accident, you might still need a lawyer. Lawyers cost money. They charge for their time and work. Even if you win your case in court, you often still have to pay your lawyer’s fees. Comprehensive personal liability insurance helps with this. It can pay the lawyer to defend you, so you don’t have to worry about those high costs.
4. Trouble if You Say Something Bad
In today’s world, what you say can spread quickly, primarily online. If you say something untrue about someone that harms your reputation, that person could sue you for slander if you spoke the statement or for libel if you wrote it. Comprehensive personal liability insurance can offer protection in these situations, too. Suppose someone sues you for slander or libel. In that case, this insurance might help cover the legal costs of defending yourself and any potential settlement you might have to pay.
5. If Your Kids or Pets Do Something
You are generally responsible for their actions if you live in Edmonton or Sherwood Park and have children or pets. If your child breaks a neighbor’s window while playing, or if your dog bites someone walking by your house, you could be legally responsible and face a lawsuit. Comprehensive personal liability insurance covers these kinds of situations. It can help pay for the damages or injuries caused by your children or pets, protecting you from significant financial burdens.
6. Costs When You Help Others
Many people in Edmonton and Sherwood Park generously give their time to volunteer for different causes. But here’s something important to know: even when you’re volunteering, If you accidentally hurt someone because of something you did or didn’t do, you may be responsible for it. Comprehensive personal liability insurance can protect you in these situations. If someone claims you because of your volunteer work, this insurance can help cover legal costs and any settlements you might need to pay.
7. Losing Your Money and Things
Consider what could happen if you don’t have enough insurance and lose a significant lawsuit. The court could order you to pay a large sum of money. If you can’t pay it all at once, they might take money directly from your future paychecks – this is called wage garnishment. They could even force you to sell your valuable possessions, like your car or your home in Edmonton or Sherwood Park, to pay off the debt. Failing to manage your finances can create serious and long-lasting problems for your future. Comprehensive personal liability insurance can help prevent this by providing enough coverage to handle potential lawsuits.
Did you know? According to YouSet, a Canadian insurance information website, the average liability claim for bodily injury or property damage in Canada was $31,663 between 2017 and 2021. This highlights the significant financial risk individuals face without adequate coverage.
Source: YouSet
At Reliant Insurance Brokers, we know insurance. Our friendly people can tell you why comprehensive personal liability insurance is essential. We will help you find the right plan.
Don’t wait! Protect yourself and your family. Call Reliant Insurance Brokers today for a free quote on comprehensive personal liability insurance in Edmonton or Sherwood Park!
Frequently Asked Questions (FAQs):
Q: What does comprehensive personal liability insurance cover?
A: It pays if you accidentally hurt someone or damage their things. It also helps pay for a lawyer if someone sues you.
Q: Who needs this insurance in Edmonton and Sherwood Park?
A: Homeowners and renters need it. Anyone who could be responsible for accidents should have it.
Q: Is it in my home insurance?
A: Most home insurance has some liability coverage. But this insurance gives you more protection.
Q: How much do I need?
A: It depends on your life. Our people at Reliant Insurance Brokers can help you decide.
Q: Is it expensive?
A: No, it is usually not expensive. Call us for a price.
Conclusion:
Don’t let something terrible ruin your future. The risks of not having comprehensive personal liability insurance are too significant for people in Edmonton and Sherwood Park. Get a good plan from Reliant Insurance Brokers. Call us today to learn more and feel safe! We are here to help you.
Get a Free Quote – 780-463-2115 (Edmonton), (780) 410-1013 (SherwoodPark)
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