There is nothing quite like a backyard celebration. Whether it is a summer barbecue, a graduation party, or an intimate outdoor wedding, bringing friends and family together in your own space creates lasting memories. However, hosting a large group also introduces unique risks. Before you fire up the grill or string up the patio lights, it is important to understand how your homeowner’s insurance protects you—and where the gaps might lie. The Safety Net: Personal Liability and Medical Payments If an accident occurs during your gathering, a standard homeowners insurance policy provides a crucial financial safety net through two main components: Personal Liability Coverage: This kicks in if a guest…