Your backyard pool is loads of fun. Add your neighbor kids to the mix and you have the potential of someone getting hurt. Result? Liability due to failure to take reasonable precautions to prevent children from swimming unsupervised..
You are hosting a fun summer soiree with a great selection of adult beverages. On his way home from the party, one of your guests is involved in a serious automobile accident. Outcome? You get sued under the doctrine of social host liquor liability.
Your kids' trampoline is the hit of the neighborhood. Your backyard is the place for fun until a neighbor's child gets injured when he bounces off the trampoline platform onto the ground. Consequence? Suit papers alleging inadequate supervision on your part.
The backyard grill at your fun-filled Fourth of July party, goes haywire, badly burning a 12 year old. The end result could be legal action against you for your failure to maintain the grill in good working order.
The list of potential summertime blues is an endless as the fun! So what's a fun-loving homeowner to do? Is there a cure for the summertime blues?
Prevention is the best cure. Just as you put on sunscreen to protect your skin from the elements, make sure that all of your "fun" attractions are installed correctly, maintained in good working order and adequately supervised at all times. Talk to your insurance professional about increasing your home insurance policy's liability limits or purchasing an umbrella policy. Increasing your liability limit to $500,000 is normally less than $30/year. Additionally, an umbrella liability policy can cost as little as $150 a year for $1,000,000 worth of coverage.
Take a few moments out of your summer fun to protect your most valuable assets - your home, your income and your family. Fun + (x + insurance) = reduced liability and peace of mind.
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