Liability Insurance Lets You Sleep Peacefully Even When Blizzards Rage Outside

As homeowners, we often invest time and resources in creating a comfortable and safe living environment. However, unforeseen events can occur, posing a threat not only to our property, but also to our financial stability.

Home insurance helps restore your insured property in case of damage, but a home insurance policy may not include liability insurance, which would help compensate for damage you have caused to your neighbors or other third parties. It is therefore always wise to take out liability insurance in addition to home insurance.

Liability insurance helps cover damages that result from your real estate and for which you are responsible. For example, if a pedestrian falls due to slippery conditions on the street in front of your building, or if snow, ice, or some loose object falls from the roof and injures a passing person or damages a car parked in front of your building. Liability insurance helps protect you and your financial stability even if water flooding occurs in your apartment and the resulting water damage extends to your neighbors. Such situations can result in very large claims from neighbors or other injured parties, which can put the property owner in a very difficult situation.

When buying a new home, it is common for lenders to require homeowners to insure the acquired property. For the bank, it is important that the preservation of the apartment or house serving as collateral for the loan is guaranteed. However, the details of insurance policies may differ, so it is important to carefully read and understand the protection offered by your specific insurance policy. BTA insurance recommends that both new and all other homeowners be proactive and explore different home and liability insurance options, rather than simply going along with the first insurance offer that comes along, which is often what happens. It is important to take the time yourself to become familiar with the terms and do so always before signing the insurance contract, not after.

BTA can help you personally calculate the value of your property and find the insurance option that suits you best in terms of what and how much to insure, to ensure peace of mind and a good night's sleep.

It is important to remember that unlike home insurance, liability insurance protects you if you or your family members have caused damage to others. For example, it may happen that:

• A water pipe burst in your apartment, and the water that flowed out damaged apartments below.
• Your minor children or pets cause damage to third parties.
• You yourself cause damage to third parties while cycling.

You can explore BTA's various home and liability insurance options here. If you have additional questions or would like to receive a personal offer, please contact our specialists – [email protected] or call +372 5 68 68 668.

BTA cares about you and your sense of financial security.