WEDNESDAY, DECEMBER 2, 2020
What is No-Fault Medical Coverage in Home Insurance?
Medical coverage is a component of your home insurance policy that applies other people. No-fault medical coverage is a term that describes coverage that applies no matter who is at fault in the incident. Most home insurance policies have personal liability coverage and medical payments coverage together. As the homeowner, you may not need to know the differences between the two types of protection, but there are a few key aspects to know about when these coverage options may apply.
What Is Medical Coverage?
Medical payments can occur for many reasons. A person comes to your home, trips over a carpet that is out of place and hits his head on your coffee table. A child visiting your home falls and breaks a leg while riding a bike at your home. A visitor tumbles down a set of steps. These incidents create a potentially high amount of medical debt for those suffering them.
Because these incidents occurred at your home, you may be financially responsible for them. You do not have to admit guilt in the case. It may not be your fault that the child fell off his bike, for example. Yet, you may still have the financial liability and responsibility to pay those costs. That is the time medical coverage like this applies.
Medical payments coverage, or no-fault coverage, applies no matter who is to blame for what happened. It can cover many of the costs associated with this individual’s needs. These might include:
Every situation is unique. It is up to the individual to seek out the medical care he or she needs (as long as they are capable of doing so). From there, the policy costs documented as necessary due to the claim.
What If You Do Not Believe It?
Home owners commonly get upset when claims like this grow. Do not worry about it. Your home insurance agency is working for you to not just pay the cost. They are also working to minimize any type of fraud or claims that do not mesh with the incident. You can always contact your agent to ask questions about this.
Having proper liability insurance and medical payments coverage makes a difference. If you do not have coverage, work with your agent to update your policy. A simple claim like this can be quite expensive.
No Comments
Post a Comment |
|
Required
|
|
Required (Not Displayed)
|
|
Required
|
All comments are moderated and stripped of HTML.
|
|
|
|
|
|
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only.
It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
in your state. By using this blog site you understand that there is no broker client relationship between
you and the blog and website publisher.
|