Streetsmart insurance Blog
Your home is a place where family members, friends, and visitors can come together to celebrate life’s special moments. As a homeowner, it is your responsibility to remove dangerous objects that could hurt those guests. If someone is injured while they are on your property, they may sue you to cover the cost of their medical expenses.
Homeowners insurance can protect you from medical lawsuits, and it can also cover medical expenses such as doctors visits, medications, and diagnostic tests. Instead of draining your savings or paying expensive health insurance copays, your agent can walk you through the process of covering medical expenses through your homeowners insurance policy.
How Does Homeowners Insurance Protect Me From Medical Claims?
Your homeowners insurance policy has two coverages that can pay for third party medical claims: personal liability coverage and medical payments to others coverage. Your insurance company will review each claim to determine who was at fault so that they can choose the right amount of coverage for the accident.
Personal Liability Coverage: As one of the largest coverages on your homeowners insurance policy, personal liability coverage protects you and your property from physical perils. Personal liability also covers at fault accidents, which typically have larger payouts and require higher limits than medical payments to others coverage. If your insurance company determines that you were responsible for the accident, they will use personal liability coverage to pay the third party claim.
Medical Payments To Others Coverage: Unlike personal liability coverage, medical payments to others coverage will pay for ALL third party medical claims. This coverage has lower limits (between $1,000 and $5,000) and will not protect you from larger claims. If a guest is injured while they are on your property and they are responsible for the accident, your insurance company will use medical payments to others coverage to pay for their expenses. Street Smart Insurance is committed to providing affordable coverage.
Whether you are looking for your first homeowners insurance policy or you are shopping for a better price, our agents are ready to help.