09-02-2024, 06:17 PM
Personal liability insurance is normally included in a homeowner insurance policy, except in certain cases, with the most annoying omission being the redlining of some properties in Puna. This link provides a simple definition of Personal liability insurance.
https://www.fool.com/the-ascent/insuranc...insurance/
The big island has quite a few tort lawyers, some of whom specialize as ambulance chasers. They seek out "victims" of deep-pocketed companies or individuals. I can only hypothesize that insurers have experienced lawsuits by people who feel that a lava burst that hit a neighbor's house jumped off the neighbor's roof and set the plaintiff's home on fire. Or, Pahoa residents own too many pit bulls who bite trespassers.
To the unfortunate victims who live in Lava zone 1 and 2, I feel your pain. When an insurance broker hears that I wish to insure a home in those areas, they treat me like a leper.
https://www.fool.com/the-ascent/insuranc...insurance/
Quote:Personal liability insurance protects a homeowner's assets. It does this by paying for losses a property owner is responsible for. A property owner is generally responsible for losses if someone is injured on their property. Personal liability home insurance also covers losses caused by a property owner's pets.
The big island has quite a few tort lawyers, some of whom specialize as ambulance chasers. They seek out "victims" of deep-pocketed companies or individuals. I can only hypothesize that insurers have experienced lawsuits by people who feel that a lava burst that hit a neighbor's house jumped off the neighbor's roof and set the plaintiff's home on fire. Or, Pahoa residents own too many pit bulls who bite trespassers.
To the unfortunate victims who live in Lava zone 1 and 2, I feel your pain. When an insurance broker hears that I wish to insure a home in those areas, they treat me like a leper.
Quote:Paraphrasing a Dirty Harry quote, “Homeowner, You've got to ask yourself one question; 'Do I feel lucky without liability insurance?' "Too bad, you ain't getting any insurance."