Medical Payments Insurance
Medical payments coverage, which is included in most homeowners insurance policies, provides protection for your guests should they be accidentally injured on your property, regardless of who is at fault. Designed to resolve smaller claims, such cover helps to pay for reasonable and necessary medical expenses (up to policy limits) caused by accidents at your home that are not covered by personal liability coverage. Generally, medical payments coverage has low limits, typically between $1,000 and $5,000. You may have the option to increase this amount, but not usually by too much more.
Why Do I Need Medical Payments Coverage?
The advantage of medical payments coverage is that the injured third party does not have to pursue a potentially extensive liability claim over a relatively small and straightforward expense - saving time and money. An example of when this coverage will apply is if a friend accidentally slips down the steps in your garden and breaks their arm. The costs of x-rays, hospital fees, a cast and medical expenses can be paid immediately and then subsequently claimed from your insurance against your medical payments coverage.
What Does Medical Payments Insurance Cover?
Reasonable medical expenses sustained in order to resolve a medical emergency and which are usually reimbursed include:
Items not included in medical payments coverage include costs related to pain, suffering, property damage and injury to someone who lives in your home.
If an accident happens on your property which may lead to a claim, take photos to document the conditions. This helps to negate confusion as to what happens or if a stranger makes a claim against you which you know is inaccurate.
Essentially, medical payments coverage provides a more efficient means to dealing with small medical claims.