3 Reasons To Purchase Property Casualty Insurance

When purchasing insurance coverage, there are few types as important as property casualty insurance. This type of insurance coverage is designed to protect you in the event that someone is hurt on your property of if some of their property is damaged while on your property. Having property casualty insurance is a great idea because it can pay for legal fees, lost wages, and expensive property.

Legal Fees

One of the best parts about having property casualty insurance is that the insurance company will pay for an attorney to help you out if you get sued by someone who was hurt on your property. This is a very important feature because it is not uncommon for someone to be involved in a slip and fall accident and attempt to gouge the property owner for as much money as possible.

A good attorney will be able to help you keep any awards to the person who was hurt on your property to a reasonable level, thus saving you quite a bit of money. However, a good attorney is also going to be very expensive, so having your insurance company cover his or her fees is very beneficial.

Lost Wages

Another major reason to consider property casualty insurance is that it will help you pay for any lost wages. While many people assume that the most expensive part of paying for an accident on your property is the medical bills, lost wages can easily surpass medical bills if the injured individual is unable to return to work for several weeks or months.

In that situation, a judge may hold you accountable for the person's inability to return to work and order you to compensate him or her. Without property casualty insurance, you would end up having to find some way to pay for the lost wages out of your own pocket.

Expensive Property

Finally, property casualty insurance will also protect you from having to replace any expensive property or equipment that may end up getting broken in your home or business. For example, if you hire a musician to play at a party on your property and he or she breaks his or her instrument because of a fall, you could be held liable for the broken instrument. With property casualty insurance, you do not have to worry about paying to replace any potentially expensive items because your insurance company will handle that for you.

Speak to an insurance agent today in order to discuss the many benefits of property casualty insurance coverage. This type of insurance can help you avoid paying for lost wages, broken property, or legal fees out of your own pocket in the event that someone is injured on your property.

To find out more about this insurance, visit a web site such as http://www.dki-ins.com.