(800) 253-1482What Is Personal Liability Coverage in Missouri?
Summary: Personal liability coverage (Coverage E) in Missouri protects homeowners if a visitor is injured on their property or if they accidentally damage someone else’s property. This coverage helps with expenses like medical bills, legal fees, and restoring losses to personal belongings, with policy limits typically ranging from $100,000 to $500,000. However, certain exclusions apply, such as auto-related incidents, business activities, injuries to household members, intentional acts, and losses related to illegal activities. The cost of this coverage is included in your home insurance premium, and homeowners can save by assessing their lifestyle, and assets, and by comparing rates. Missourians should work with their insurance agents to determine the right amount of personal liability insurance coverage based on their financial risk and household needs. Estimated Read Time: 3 mins
Personal liability coverage is available for homeowners in Missouri to protect their finances when there are injuries by visitors on their property or in the event a member of their household causes property damage to someone else.
Coverage E is an important part of your home insurance and can be the difference between spending your good hard money on things like legal expenses and medical bills versus moving on with your life.
Below, we’re taking a closer look at how it all works and how to be sure that you have the right level of coverage to avoid surprises.
How Personal Liability Coverage Covers You in Missouri
Personal liability coverage protects homeowners by covering medical bills, legal fees, and property damage caused to others.
You can find policy limits typically starting at $100,000 in Missouri, or 50% to 70% of your dwelling coverage, but this can be adjusted as needed.
Deciding your coverage limits often comes down to risk tolerance and you’re going to need to enroll in a policy that helps you safeguard your finances, for less.
Discuss your risk factors and policy options with a licensed insurance agent to ensure the right protection.
Coverage E Exclusions in MO
Coverage E has several exclusions that require other forms of insurance or out-of-pocket payments.
For example, auto-related liabilities aren’t covered but you can cover these losses through a Missouri auto insurance policy.
Business-related incidents are also excluded and require commercial coverage.
Furthermore, injuries to household members require health insurance and cannot be claimed through your home policy.
Finally, intentional harm to someone, intentionally damaging property, or losses involving illegal activities are not covered.
How Much Is Personal Liability Coverage in Missouri?
The cost of personal liability coverage is included in your home insurance premium, which is affected by many different factors. Here are a few examples:
- Your policy limits.
- The features of your home.
- Your claims history.
- The discounts and bundles you qualify for.
If you want to save on premiums, maintain lower policy limits, enroll in higher deductibles, and bundle your coverage.
Your best way of saving on coverage is to compare policies among various multiple top-rated carriers.
Sacrificing coverage to save a quick buck can leave you paying for expensive losses on your own.
Keep in mind that depending on the level of injury and circumstances, on average, Missouri personal liability settlements can range from over $20,000 to just under $218,000.
Be sure to shop, compare, and save without forfeiting protection that can help you avoid major financial losses due to liability.
Lifestyle and Risk Factors Affect Your Premiums
You’re going to need to look at your lifestyle and financial risk when deciding on coverage, as your policy limits and premiums are going to be affected.
This means when calculating the right level of personal liability insurance coverage on homeowners insurance, you’ll need to assess your assets, the number of people in your household, the activities your household engages in, etc.
For example, if you have a lot of financial assets and children who are known to play sports, jump on trampolines, etc., you may need more coverage than someone with less to lose financially or that engages in fewer risk activities.
Get Personal Liability Coverage Insurance Quotes From Multiple Carriers in Missouri
Saving on Missouri homeowners insurance isn’t always easy, however, if you take the time to compare your coverage needs among multiple carriers, you’ll be able to find the right level of protection at the lowest costs possible.
Our home insurance quote tool below helps homeowners across the Show-Me State compare multiple top-rated carriers.
Get a quote below or ask an agent today about personal liability coverage and how to better protect your household while saving on premiums:
How Much Is Personal Liability Coverage Do You Need in Missouri?
You will find that most home insurance policies provide between $100,000 and $500,000 in coverage for personal liability coverage in Missouri.
When determining the amount of protection that is right for your home, consider the following:
- The higher your policy limits, the higher your premium are going to be. So, be sure you have coverage that works for your budget.
- If you are ok with taking on more risk, having a lower policy limit can help you stay protected and save.
- Umbrella insurance policies are available to help you cover potential losses that go beyond your home insurance policy. This coverage is also known as personal excess liability coverage.
