Liability Insurance and Lakefront Properties
Posted by Luke Bouman on
Owning a home on Lake Michigan or any lakefront property brings cool breezes, relaxing nights, and spectacular views. However, lakefront properties and their accessories also pose potential injury or death situations which are not present for conventional dry land properties. These properties carry water risks such as drowning, diving into shallow water from a dock or swimming raft and similar situations. Boat propellers, high speed boating, water skiing, personal watercraft, water trampolines and other water ‘toys’ all increase the risk of injury or even death.
Most people that own waterfront homes are underinsured when it comes to liability insurance. A standard homeowners limit of $100,000 or $300,000 would probably be inadequate for a lake home…
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