Have ever you seen scenes on news about disgruntled neighbors complaining that their apartments have been flooded? The most interesting thing is that the following culprits are shown, who wonder that neighbor, more precisely, his insurer is pursuing a regression* claim for damages?
*Regression or regression claim is the right of the insurer to take a claim against the injured party to cover the damage caused by the insurer. insurance coverage.
This is a classic procedure for third party damages and can be recalled by any of us, so today's article will be about Liability Insurance individuals.
Liability insurance for individuals covers expenses for damage, loss of health, life and property of a third party, if you are the one to blame. Sounds complicated, but in nature it is quite simple. Let's look at some examples:
- Your home is on the second floor, and because of the exploding pipes, you spilled your neighbor on the first floor. As a result of this accident, the neighbor has suffered damage, damaged cuts, inflated parquet, etc. The total cost of repairs to the neighbor is 3,000 EUR. After attracting an expert examination and finding out that the damage was indeed caused by your apartment, your insurer pays neighbor's losses (of course, only if you have a civil liability insurance policy, or is such a risk included in your home insurance policy).
- Imagine you went to the store with your 6-year-old. He is left unattended for only a few seconds and he has entered the shopping cart with alcohol on the stand, breaking up all the bottles standing on the stand. The store invoices for losses in the amount of 4,500 EUR. Under normal circumstances, this would have to pay you out of your funds for a while If you have personal liability insurance, your policy will cover the loss.
- Be sure to have a bike and go on a ride every now and then. Drive into the stone, the steering wheel and pedal scrapers next to the sidewalk on the carriageway failed. parked vehicle. As an honest citizen, you expect a car owner and tell what happened. The car owner is not happy and asks you to cover the cost of repairing the damage. Service the damage is estimated at EUR 500. As this is your responsibility, your third party will be liable for this damage.
- Visit family with friends. The impressive 70-inch plasma TV has just been wall-mounted in the living room. Children are playing and your knight intends to launch a TV with a gaming machine, resulting in a crack in the screen and the TV no longer shows the picture as you would like. If you have purchased a personal CTA policy, then these damages for damage to your friends' TVs will be covered by your policy.
- If you are the owner of a dog, this policy is definitely for you. In a situation where your pet escapes from the yard and bites a passing neighbor, all expenses for this event will be covered Your policy, all you have to do is "smooth out" your relationship with your neighbor.
IN BRIEF: If you are at fault for damage to another person's health, life and / or property, your civil liability will be covered. insurance policy. The main thing to remember is that it cannot be done intentionally, intentionally or with malicious intent, then the policy will not compensate you for anything. If you have such a policy, then it is valid For your family (spouse, minor children living with you).
All liability insurance is based on a complaint from a third party. So, in order for your insurer to cover losses, you must have an application from a third party for damages.
Policy prices can vary, depending on the insurance limit you choose. Namely, what will be the maximum amount that the insurer will indemnify in the event of an insured event accession.
RECOMMENDATION: If you have children, pets, or are an active supporter of living in an apartment building where you have a responsibility to your neighbors and those around you, be sure to consider purchase of such a policy. You never know how valuable the decoration or movable property of a neighbor's apartment is, and if you cause damage, it can result in severe damage.
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