As the holiday season quickly approaches, it’s a good idea to think about your Fall River homeowners insurance and how it can protect you from liability. Any time you hire someone to come into your home, whether that means a plumber fixing a broken sink or an HVAC contractor cleaning out your air vents, it is crucial to choose a licensed and insured provider to perform these tasks in your area. Worker’s Compensation insurance and other policies obtained by a professional contractor can protect the homeowner should an employee become injured on the job site. However, it’s a good idea to work with your local insurance agency in Fall River to ensure that you have liability coverage included with your homeowners insurance policy. Liability can protect you in many ways, but there are certain situations where a special rider or policy may be required to protect you more fully. Holiday parties and gatherings are among those types of events where people can become injured, and other incidents can happen. Contact Paul Sullivan Insurance before your next major house party to make sure you are covered.
Why House Parties Increase Liability Risk
When you host a big party for the holidays, you will likely invite a significant number of guests and possibly outsource certain services to contractors and providers. However, just a simple slip-and-fall accident can result in a guest becoming injured, which can quickly turn into a lawsuit where you might be held liable. Other liabilities can include food poisoning, car accidents that involve guests who drank alcohol at your party – or even underage guests that obtained alcohol during the party, even if you did not directly serve them yourself. Injuries caused by dancing, a fire started by unsafe equipment used by a DJ or live band, and even lawsuits from neighbors who complain about the excessive parking on the streets or noise after acceptable hours.
While most Massachusetts home insurance policies include personal liability coverage designed to protect you if you are sued, it might not be enough for a large party. In most cases, Fall River homeowners insurance policy coverage is used for dog bites, injuries in the home or on the property, and auto accidents. Of course, these examples are not exclusive to non-party situations – all can occur during a big Halloween or Christmas gathering at your home. The amount of coverage is also critical to ensure that your policy would be able to cover all of the potential risks associated with a large holiday party. Most standard policies include somewhere between $100,000 to $300,000 in coverage, which might not be able to cover the costs of a severe incident that involves multiple people during your event. Food poisoning that affects 50 guests or a deck that breaks under all your guests’ weight would be examples of incidents that require additional coverage.
Umbrella Insurance Policies
One option that you can discuss with your insurance agency in Fall River is something known as an umbrella insurance policy. This type of coverage is a personal liability policy that covers you after a minimum coverage is met. That means it can be combined with your standard homeowners insurance policy to kick in after the basic coverage runs out, offering more significant payouts, as needed. The most common umbrella insurance policy provides $1,000,000 of insurance coverage or more to protect you, your home, and your assets in a covered situation. What else can you do? Checking the licensing, insurance, and any required certifications of any contractors you hire can go a long way to avoid many of the common issues during a holiday house party.
For more information on how to protect your home during the holiday season, including fall home maintenance, holiday light installations, Christmas tree safety, and more, keep reading our community blog. We have lots of tips that you can use to your advantage as you make plans to share the holidays with family and friends. You can also contact your trusted agent at Paul Sullivan Insurance Agency in Fall River. Our team of highly trained and experienced Massachusetts home insurance agents can answer any questions that you might have about your current policy, umbrella insurance policy options, and other coverage services available in your area. You can reach our team at 508-678-9611.