A house is likely to be the most significant investment you will ever make. It’s satisfying and rewarding to have a feeling of pride, stability, and ownership. The American ideal is, after all, to buy a home. Unfortunately, owning a house has certain upkeep expenses and responsibilities. The costs are generally objective and relatively predictable. Liabilities, on the other hand, are not the same as assets. Liabilities are created by living. Unfortunately, liabilities come with a lot of unpredictably and subjective costs, expenses that can’t be predicted, and costs that may be very unpleasant. chek this out
The majority of liabilities arise from accident scenarios or negligence, such as having landscaping that obstructs visibility, owning an unfenced swimming pool, failing to clean up yard trash, and a variety of other potential causes of harm. Because they are acquainted with their own land, homeowners often overlook these potential hazards. They also believe that any injuries will be minimal and will only impact people who live on the property. We often forget how often “outsiders” come into our homes (repairmen, pest control workers, utility metre readers, salespeople, mail and delivery services, etc.). Our responsibility for injuries on our property is frequently underestimated.
No homeowner can be “liability proof,” but if simple repairs may decrease the risk or eliminate certain liabilities, why not be vigilant in keeping your house in good repair? Small, low-cost repairs not only assist to preserve the value of your home, but they may also help you minimise your responsibility.
Tripping on an uneven concrete driveway or sliding on ice in settled walk areas has the highest financial exposure of any liability. Everyone parked in your driveway or walks on your concrete walkway or porch.
What is the magnitude of your risk? While no two instances are identical, you may encounter the following.
The expense of an injury
The expense of a lawsuit
The cost of defence
Costs of legal representation
There are many hidden expenses.
Costs of agreeing to a settlement outside of court to make it go away
In the most trivial instances of a trip-and-fall, you as a homeowner may be liable for thousands of dollars in repairs or settlement. But why not remove the risk before a lawsuit or harm occurs? Why not raise the concrete to even joints and slopes and eliminate the risk entirely?
Wouldn’t a few hundred dollars and the assurance of peace of mind be preferable than thousands of dollars in costs, anxiety, and frustration? Raising concrete is one of the most cost-effective methods to restore your concrete and give your “American Dream Home” a bit more protection.