Liability coverage protects you for claims or law suits in which others make against you or your resident family members. These claims or suits may be for bodily injury or property damage that may or may not have occurred at your condo.
In addition to any settlement costs that a court awards, this coverage also may pay for court fees and defense costs – even if the claims are merit-less.
It is important that you speak with your Lott & Gaylor representative and select a limit of liability high enough to protect your assets.
If you need more protection than your condo unit provides, we recommend that you consider a personal umbrella policy. This would provide an additional layer of coverage of not only your condo liability but your auto and boat as well.