Homeowner’s Insurance is Important

Several years ago a homeowner wanted to trim a large tree in his front yard. He got two friends to help him. The tree was so large that one of the friends climbed up into the tree.  The friend intended to cut large branches from the tree while he was standing in it.

A rope was obtained, and was tied onto one of the branches to help control it as it fell from the tree.  However, these men weren’t professionals, and there was a problem with the rope.  It failed to work as anticipated, and the friend in the tree lost his balance.  He fell out of the tree onto the sidewalk below, and landed on his elbows.  He ended up with serious injuries and he filed suit against the homeowner.

The homeowner had a policy of homeowner’s insurance, and the homeowner made a claim under the policy.  The insurer accepted the claim and defended the homeowner in the lawsuit.

Sometimes homeowners don’t realize that many (or perhaps most) homeowner policies provide two types of coverage.  The first type of coverage is usually for the house and its contents.  But there’s often also a second type of coverage that some homeowners may not be aware of.  This type of coverage often provides insurance coverage for many types of general liability claims.  This second type of coverage was the policy provision that provided coverage for the homeowner whose friend fell out of the tree.

Why does this make a difference?  Because some homeowners will ultimately pay off their homes.  Once they do, their lenders will no longer require that the homeowner purchase homeowner’s insurance.  But it’s always a good idea to carry such insurance, not only to protect the house and its contents, but also to provide coverage for liability for some accidents.  Coverage can vary from policy to policy, and homeowners should consult a professional in order to determine what their coverage needs are and the types of coverage their policy provides.

Copyright 2017 ROBERT B. JACOBS