Does Homeowners Insurance Cover Legal Fees?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaIf you are sued for bodily injury or property damage, your homeowner’s policy will provide coverage up to the limits of the policy. In this process they will investigate and settle the claim. They are not required to provide a defense after they have paid an amount equal to the policy limit. This provides coverage for a person who is on your insured premises with your permission and is injured because of a condition on the premises or an activity that involves you, This also covers your domestic employees and animals although there may be limitations to the coverage on dogs. There is also limited coverage for other people’s property that is damaged by you.Answered on May 7, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! The answer is typically yes, though the amount of that coverage can vary, depending upon your policy, and the incident itself that led to you being sued. Your policy will have a set limit for what the insurance will pay out, check with your agent for your specific amount. They will investigate, give you their findings, and the amount they are willing to pay as a result. you can help yourself out a lot here if you have good documentation of the incident-witness statements, police reports, pictures, etc. Good luck! Thanks for asking!Answered on May 7, 2014flag this answer
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