Streetsmart insurance Blog
Home injury is not just a painful experience but also an expensive one. A study about home insurance claims recently showed there is an average of $18,000 spent on each claim for bodily injury on basic home insurance policies. According to the study, the annual loss for unintentional home injuries has reached up to $150 billion, which was put mostly lost wages and medical expenses.
Who Is at Fault?
Insurance companies find that more often than you think, accidents at home are due to certain hazards of the homeowner’s own doing. For example, you needed to remove the handrails in your stairs because there was some furniture that you wanted to put upstairs. After a few days, a house guest used went upstairs and fell because they lost balance and mainly because you forgot to put the handrail back again.
In some cases, your house guest is clearly the one who is at fault if they have been more attentive and careful. For example, they should know how to avoid a toy on the floor and prevent an accident such as slipping and breaking a leg.
Many times the homeowner and the injured visitor would disagree on whose fault is it. When it is the visitor’s fault, the insurer may deny a claim. If the victim sues the homeowner, the liability policy will cover the legal expenses if homeowner is at fault. If not, the policy will still pay to defend the homeowner.
Workers or Visitors
If an employer is injured in your house while on duty, the workers' compensation insurance of their employers would cover their injuries. Examples of these workers include a roofer, landscaper, carpenter, or plumbing technician. But, if an injured working professional is your employee, your workers' compensation will cover you.
If you are living in an apartment, condo unit, or a rental house, choose a renter’s insurance to cover you in case a person is injured in your household. The cause of the injury and whose fault is it still plays the same role just like home insurance. If the injury happened due to your negligence such as a bundle of electrical cords on the floor, your renter’s insurance will cover you.
On the other hand, if the injury occurred due to a faulty structural condition in your rented residence, the landlord is accountable for the injury. As a renter, one way to protect yourself is to inform the landlord as soon as you see a risk in your dwelling.
Providing a roof to your family is one of the necessities in life. Make sure you are protecting your family, including the people who visit your house. Buy home insurance (or renter’s insurance) to get the appropriate protection.
At Streetsmart Insurance, we offer flexible insurance policies that cater to your needs. You can get more information about our products and services by calling our agency at (732) 462-8343. Get your free quote today by CLICKING HERE.