Yard sale, tag sale, garage sale … different names for the same event that’s very popular during the spring and summer months. These types of sales are a good way to clear out your home or garage, make a little green and provide a second life for your possessions. But what if someone trips and falls in your yard during your sale? You could be legally liable. So before your sale, make sure you have an appropriate amount of liability coverage.
Here’s what’s generally covered
Both homeowners and renters policies in Ohio typically provide liability insurance that covers against lawsuits for bodily injury or property damage that you or your family members are legally liable for. Yard sales that are one-time events for the sole purpose of selling unwanted personal items are generally covered under a standard homeowners or renters policy. However, it’s best to play it safe and be smart. Make sure you’re covered in advance of your sale and be sure you have the amount of coverage you want.
Plan your sale with safety in mind
Here are some tips from the Insurance Information Institute (I.I.I.) that may help you plan for a safer sale:
Repair any loose railings and cracked concrete.
Be sure there is enough space among sale items to move about safely.
Don’t place items too close to stairs or ledges.
Keep sharp objects out of the reach of children.
Don’t sell items that are unsafe or hazardous, including recalled items.
Keep your pets indoors during the sale.
If someone is injured, get them medical attention as soon as possible.
Safely hold your sale
Minimize risk and maximize profits — plan your sale with safety in mind. Be sure to call me before you put out your signs to be sure you have the insurance coverage you want. Happy selling!