Shield Wealth with Smart Property Liability Insurance Secrets

Real-World Examples and Statistics

According to the Insurance Information Institute, liability claims can be costly, with the average cost of a premises liability claim being approximately $30,000¹. This highlights the importance of having adequate coverage to protect against such financial impacts.

Furthermore, a survey by the National Association of Insurance Commissioners found that around 85% of homeowners have some form of liability insurance². This widespread adoption underscores the recognition of its importance in financial planning.