Life is unpredictable, and accidents happen when we least expect them. Personal liability insurance protects you from the financial burden of accidents and incidents that could result in legal action.
This Personal Liability Insurance is issued as a secondary cover to provide an additional layer of legal liability protection to the insured. The coverage is designed to extend the limits of the insured’s existing motor and domestic package policies, thereby offering broader protection against claims that may exceed the applicable primary policy limits.
What Does It Cover
1. Third Party Bodily Injury
2. Third Party Property Damage
3. Legal Defense Costs arising from a Third Party Claim
Who Needs This Cover?
1. Homeowners
2. Motor Vehicle Owners
Real-Life Scenarios
A guest at your home suffers a serious injury while using your pool. The injury requires costly medical treatment and later turns out to be fatal. The guest’s family files a lawsuit for 8M in damages. The Home Care (DP) covers only the first 3M, leaving a shortfall of 5M. Our Pioneer Personal Liability will cover this deficit. You cause a motor accident where the other driver and passengers suffer severe injuries, resulting in medical bills, lost wages, and long-term care.
One passenger is awarded 10 million due to their high earnings on wages. While the standard motor policy only covers up to 3M, our Personal Liability cover would cover the remaining 7M, thus saving you from financial distress.
