We live in a “sue-happy” society where anyone can sue at any time for virtually any reason they see fit. These conditions leave anyone without proper coverage at risk. Most insurance policies include an ‘excluding coverage clause’ detailing the conditions not covered by your insurance. Custom liability insurance provides you additional liability protection that extends beyond the coverage offered by traditional insurance policies. Prime Insurance Company provides a safeguard for life unexpected; one simple accident can result in a lawsuit that jeopardizes you and your family’s financial security.
A standard homeowners policy generally only provides financial protection when your home or property is damaged. For example, most insurance companies exclude trampolines from their homeowners insurance policies, considering them to be an extreme risk to personal safety.
In an ACE survey, 82% of the respondents believe their wealth makes them an attractive target for liability lawsuits “to some degree,” with 23% believing that their wealth alone makes them “very much” a target.