Accidents happen, and if it happens on your property or because of your negligence, the victim has the right to file a lawsuit to recover for any losses. For most people, the liability limits on the homeowner and auto policies may not be enough to protect those assets when faced with legal action.

Settlements and verdicts can soar into the millions. Are you protected?

Personal Liability coverage pays when you are legally obligated for damages that occurred as the result of something that happened on your property or for damages caused by your personal activities. This coverage would pay the claims as well as a lawyer to defend you in the event of a lawsuit. In addition to protection from claims and lawsuits arising out of non-auto incidents that occur at your premises, these policies often provide protection against incidents that occur off the premises.

Through estate planning and asset protection, many families are putting one more step between their potential personal liabilities and their assets by titling homes, autos, toys, etc in LLCs, FLPs, and LTDs. If not insured correctly, this safeguard could be a detriment to the insurance program and all claims could be denied. At Swingle Collins & Associates, we work with estate planners and understand how to properly insure you against any potential losses due to improper listing of named insureds.