Sometimes it can be overwhelming when you have to arrange all your insurance needs. One of the most well-known insurances is liability insurance. In this blog, we'll explain the key points you need to know about this insurance!
What is liability insurance?
According to the law, you are liable when you cause damage to another person or their property. This means that the person who suffered the damage you accidentally caused can claim it from you. When you have taken out liability insurance, the insurer will pay the damages to the other person on
your behalf.
For example: If you help a friend move and accidentally drop their TV, this will be covered by your liability insurance.
Risk acceptance
There is often a small catch, called risk acceptance. This can mean that if your glasses break during a game of football, you have accepted the risk yourself, and the damages will not be reimbursed.
It can sometimes be difficult to prove that the damage was unintentional. Therefore, always gather all the information you need to prove the damage.
Family situation
When you want to add liability insurance, you can choose between single coverage or family coverage. It is possible to insure additional family members on the liability insurance. However, be aware that you cannot insure housemates.
Important to know:
• Liability insurance is not mandatory.
• Rented items are not covered by your liability insurance.
• Damage occurring during work is not covered by your liability insurance.
• Damage that you intentionally caused is not covered.
Liability insurance is recommended for many people, especially in a family with children and pets.
