Check Homeowners Policy Before Having a Yard Sale
You can clear out some clutter and make a few bucks, selling your old stuff in your driveway, in your yard or on your stoop. But before you put up signs advertising a yard sale, check your homeowners or renters policy to make sure you are protected if one of your customers is injured on your property and sues. You want to have enough liability insurance to protect your assets from legal costs and court awards. To get the best price and coverage to protect your home and belongings, apply for home insurance quotes.
One-time event
If you are planning to hold a yard sale to get rid of your possessions, then your standard home insurance policy will probably provide enough coverage, according to the Insurance Information Institute. Call your insurance agent or insurer to make sure you are adequately protected. Homeowners and renters insurance provide liability protection if someone is injured or her property is damaged by either you or one of your family members. Liability coverage pays for your legal expenses as well as any judgment against you — up to the limit specified in your policy. Most standard home and renters insurance policies provide at least $100,000 of liability coverage. You can increase your limit to $300,000 or $500,000. Determine how much liability you want to protect your family, before you obtain home insurance quotes.
Frequent sales
If you plan to hold yard sales several times a year, then you may want to look into buying a separate policy for business liability or an in-home business policy. You can ask your insurance company, if it sells an appropriate policy. Or you can contact a specialty insurer that sells stand-alone in-home business policies. If you are holding a yard sale to raise money for a charity, ask the group if it would extend its insurance protection to include your event, in case you need the extra coverage. Do research on event planning and your items to make sure you have a successful yard sale.
Medical coverage
Standard homeowners and renters policies include no-fault medical coverage to people who injured on your property as part of the liability protection. If someone gets hurt at your yard sale, you simply submit his or her medical bills to your insurance company. No-fault medical coverage allows medical bills to be paid without resorting to a lawsuit. Most policies include about $1,000 to $5,000 worth of this coverage. It does not, however, pay the medical bills for your own family or pet. Figure out how much medical coverage you need, before you apply for home insurance quotes.
Remember when you buy a homeowners or a renters policy, you’re insuring the structure of your home and your personal belongings in your home. Once you have determined the best coverage for your family’s needs, you’re ready to obtain home insurance quotes. Call agents in your local area, contact several insurance companies directly or use InsuranceQuotes.com to instantly get competitive insurance quotes from the nation’s leading insurance providers. Take the time to protect you and your family today.
