The most obvious candidates
for personal liability insurance are people that own a business, have significant assets to protect, or that face the risk of lawsuits.
Be sure to carefully review your home or renters policy so that you have a solid understanding of what is and isn't covered
by personal liability insurance.
Another option is to require your guests to have their own homeowners, renters or
personal liability insurance so that anything that happens on your property is covered by their own policy.
By far the most common way to
acquire personal liability insurance is as part of a renters insurance policy, because it's bundled with other coverage you need and because it's comparatively difficult to find a policy that just covers your liability.
The
reason personal liability insurance is required for nearly every single family home rental in Arizona and across the country is that the owner knows that negligence happens when people live somewhere and spend the majority of their time there.
Fortunately, Nationwide's available renters options, such
as personal liability insurance, can provide the extra level of protection you need - whether you're a college student or an experienced tenant.
IN BREACH OF WHAT IS
EXPECTED Personal liability insurance is a specific cover where the group leader could be deemed to be in some way in breach of what was materially expected from the trip.
Supplemental liability insurance supplements the minimum amount of
personal liability insurance required by your state (i.e. the minimum insurance required for all vehicles to legally drive on the road).
In addition to business, public and
personal liability insurance there is also business insurance which covers your business's assets, similar to comprehensive car insurance which covers you for damages to your car.
Personal liability insurance safeguards you as a covered policy holder from the difficulty of having to bear direct personal financial responsibility for the expenses associated with any liability event that might transpire at your rented home.
House Bill 526 would
increase personal liability insurance in order to beef - up the minimum amount of coverage for claims involving destruction of property or damage, and / or bodily injury or death arising from car accidents involving drunken drivers.