TRusted choice

 Choose an auto deductible amount you're comfortable with, and make sure you can afford to pay your deductible out of pocket in the event of a claim. It's also important to consider your driving history and the likelihood of filing a claim. 

• Factor #1: Make & Model of Your Car. The type of car you drive can have an impact on how much you're required to pay for coverage. 
• Factor #2: Zip Code. 
• Factor #3: Your Car's Age. 
• Factor #4: Your Driving Record. 
• Factor #5: Marital Status & New Drivers

 A rider is an add-on to a homeowners, renters, or condo insurance policy. Also referred to as an endorsement, amendment, or “scheduling an item,” a rider means you’re adding a specific item(s) to your policy. Riders typically cover, at an additional cost, an item that might not be already covered on your policy or is inadequately covered. This could include such items as an engagement ring, bicycle, or expensive piece of artwork. While less common, insurance riders are also available for life and auto policies. 

Personal liability coverage may cover the following:

• Injuries on your property: If you're legally responsible, your personal liability coverage may help pay for someone else's injuries that occur on your property — up to the limits of your policy.
• Damage to others property: Applies if you or your household relatives are at fault for the damage. For instance, your child hits a baseball through a neighbor's expensive stained-glass window.
• Lawsuits and lawyer/court fees: If you're sued over an accident, your personal liability coverage may help pay for a lawyer and legal expenses, as well as any settlements against you.
• Dog bites (varies by insurer): Check with your insurer to see if they cover dog bites. Many insurers won't cover dog bites, while others may limit coverage to certain breeds.

Some personal liability claims may not be covered, including:

• Car accidents: Your auto liability insurance, rather than your personal liability coverage, covers you for damages or injuries you cause while driving.
• Intentional harm or damage: Injuries or damages you or a household member purposely cause to someone else are not covered.
• Your own injuries or damages: Personal liability coverage doesn't apply to accidental injuries or damages you cause to you or your family. Instead, your health insurance or property insurance may apply.
• Business claims: Any claims against you that relate to your business or profession are not covered by personal liability coverage.

 Homeowners and renters policies commonly offer three limits of personal liability coverage: $100,000, $300,000, and $500,000.

As with auto liability coverage, selecting a coverage limit that matches or exceeds your net worth is a good starting point. For instance, if your total net worth is $150,000, you should opt for at least $300,000 in coverage to fully protect your assets. If you need more than $500,000 in personal liability coverage, an umbrella insurance policy can extend your limits beyond those of your homeowners insurance or auto insurance policy.

You should also consider how risky your property is: Do you own a swimming pool? Do you have a trampoline in your yard? These are called attractive nuisances for good reason; they raise the risk of a child wandering onto your property and injuring themselves. So, if you have any enticing backyard features, consider raising your personal liability coverage limit to offset the increased risk.

 PRO TIP:

You can help lower the risk of attractive nuisances by taking some basic precautions, such as adding fencing around your swimming pool with a locking gate or securing your trampoline with a net. Doing so may also help you get cheap homeowners insurance.

*Information provided-Source- Progressive.com*