Are you planning a road trip this summer? Confirm your auto policy's liability limits adequately protect your financial assets. Physical damage (comprehensive and collision) is optional, but lenders typically require it. Verify deductibles and set aside funds to pay these out-of-pocket obligations. Or, you may rent a vehicle upon arrival at a vacation destination. Most auto policies extend the same coverage to a personal-use rental vehicle. Limitations apply if you're using the car for business or driving in Mexico. Rental car companies offer full coverage insurance, loss-damage waivers, and other protections worth considering if you don't own a vehicle, have a liability-only auto policy, or want to avoid making a claim on your own policy. Check with your credit card company too. Many provide rental car insurance protection.

Swimming pools and trampolines significantly increase the property owner's liability risk. Inform your insurance company if you have these items to avoid a gap in coverage. Explore raising liability limits or securing an umbrella policy for increased protection. Take precautions to prevent injury, such as installing a fence, self-latching gate, protective cover, and safety equipment. Insist on adult supervision when children are in the pool or jumping on the trampoline.

Many families enjoy boating in the summer months. Insurance is essential if you're responsible for another person's injury or crash into their vessel or other property. Most homeowners insurance policies provide liability coverage for small boats (under 25 horsepower and less than 26 feet) and minimal property damage (often $1,500) protection. Some homeowners insurance companies offer buy-back endorsements for boats. Large watercraft and wave runners need a separate policy for liability protection. Explore options with your local homeowners insurance agent. Monitor weather conditions, operate your boat at a safe speed, and avoid alcohol. Boating while intoxicated is against the law and compromises passenger safety.

Camping is another popular summertime activity. Motorhomes must have liability (bodily injury and property damage) insurance for highway travel. Physical damage (comprehensive and collision) coverage is also available. A recreational vehicle policy may include emergency expenses if the RV breaks down, liability insurance when the unit is parked at a campsite, and a limited amount of personal property protection for items stored inside the motor home or camper trailer.

Summer is a popular time to gather with family and friends. Despite safety precautions, a guest may be injured in your home or on your property. The liability portion of a homeowners, renters, or condominium owners policy steps in if you, a family member, or a pet accidentally injure another person or damage their property. Personal liability coverage requires negligence and pays up to the limit identified in the policy declarations. It also provides a legal defense if necessary. Medical payment pays without regard to fault up to the limit specified in the policy declarations. Identify and correct hazards on your property before guests arrive. Socialize your dog and keep him on a leash when out in public. Make sure homeowners insurance liability limits are sufficient to protect your financial assets.