With the warm summer weather here many homeowners enjoy throwing parties for holidays or special events. However, individual homeowners do not think about the insurance coverage they may need with throwing get-together. Guests who are injured may need to file an injury claim if their vehicle is damaged, fall down or if a pet bites them. Research shows that roughly 75% of adult homeowners who plan social gatherings in their homes do not have a personal umbrella policy.
This makes them more vulnerable to lawsuits stemming from guests who suffer injuries. The same research study showed that the remainder of the homeowners surveyed did not know what type of coverage they had. This means it is likely that the percentage of homeowners who do not have adequate coverage is more than 75%. However, they should have this extra coverage to protect themselves from lawsuits. Although dog bites and falls are common, alcohol is one liability issue that is often overlooked but is very risky.<
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