I’ve recently purchased a mobile home here in Wichita Falls, Texas. I just notice something that says “Liability protection” as an option in my mobile home insurance policy, what is that?
Jacob
Wichita Falls, TX
The term ” Liability Protection”, in the context of a mobile home insurance policy, basically means coverage for the insured party from liabilities incurred where he/she is obligated by law to compensate for any damage or loss due done to another party.
In this case, any damage to the property that the insured might have caused to a third party can be covered by an insurance policy under Liability Protection.
For example, say you were driving and managed to crash your car on another person’s garage, the property damage you have caused may be covered in this policy.
Note that this is something that an insurance company would rarely be happy to cover for, but in the essence of additional profit or as a competitive edge they will, so as a consumer you should be well aware of their terms and conditions regarding this.
In the long run, though, this is generally a good idea to anyone considering their first mobile home insurance policy. Although it is an extra premium you pay for every month, it can potentially save you thousands of dollars more in the event that you do manage to cause property damage to someone else.
You may want to consult your insurance company there in Wichita Falls, Texas, regarding what exactly will be and will not be covered under their Liability Protection policy. Remember that this is only a wise option as long as you are aware of exactly how it works and how it can be to your advantage to have one.