15 Fascinating Things You Need to Know About Your Insurance

Liability coverage doesn’t require a deductible

Remember when we talked about deductibles earlier? That’s the amount you have to pay out-of-pocket before your insurance starts covering your claim. Well, the good news is that there is no deductible required for the liability portion of your homeowner and auto insurance policies.

That’s a little known fact. A 2018 survey of 1,000 homeowners by Insurance.com found 84 percent of respondents incorrectly thought you had to pay a deductible when making a liability claim. Actually, liability insurance is a cause of confusion all around, with 48 percent saying they didn’t understand what it is.

Liability coverage is the portion of your insurance that pays for injuries and property damage to another person. For example, liability coverage is what pays if someone falls in your driveway and gets hurt. Your insurance company will pay any valid claim in these instances without asking you to pitch in the deductible.