Definition
Statutory liability is your legal responsibility for injuries on your property. It's covered under homeowners policies with typical limits of $100,000-$500,000.
Not sure where this fits?
Answer a few questions and we’ll open the path that fits, at the right step.
Find my pathAbout this term
Statutory liability covers legal responsibility for guest/tenant injuries. Includes medical payments and legal defense. Typical limits $100,000-$500,000. Required by mortgages. Umbrella policies extend limits. Premises liability insurance specifically covers property-related injuries. Professional maintenance reduces risk. Regular inspections identify hazards. Insurance provides critical protection against major claims.
Pro Tip
Verify adequate liability limits for your property risks.
Example
Statutory liability coverage paid for guest injury treatment and legal defense.