Secrets Insurance Companies Don't Share About Liability Limits 1 2 2

Real-World Examples and Statistics

Consider the case of a homeowner with a liability limit of $300,000. If a guest were to suffer a severe injury on their property, medical costs and legal fees could quickly surpass this amount. According to the Insurance Information Institute, the average liability claim for bodily injury is about $18,417, but severe cases can be much higher⁴. This highlights the importance of evaluating your coverage needs carefully. Additionally, a survey by J.D. Power found that policyholders with a clear understanding of their coverage options tend to be more satisfied with their insurance provider⁵.