Medical payments coverage, part of your homeowners insurance, can help pay for small injuries that happen to your guests on your property, regardless of who is at fault. This portion of your policy is designed to resolve smaller claims so they don't escalate into lawsuits. Medical payments coverage has low limits, typically between $1,000 and $5,000, which is usually enough to amend a situation that calls for immediate medical attention.
So say, for example, your neighbor stops by to bring you some holiday cookies. Real nice guy, that one. Unfortunately, he trips over the Christmas decor on your porch, falls down the steps, and breaks an ankle. Yikes!
Your medical payments coverage can step in so you don't have to empty your savings account to pay for your neighbor's medical bills. It can help cover the ambulance ride, his X-ray, and the cost of treatment, up to the limits of your policy.
Medical payments coverage usually deters an injured third party from pursuing an expensive liability claim over a relatively small and straightforward expense. This coverage saves everyone involved time and money.
Not all policies include this essential protection, so keep that in mind as you shop around. It is worth noting that Kin's policies do offer this coverage.
Medical payments insurance can typically cover expenses sustained in order to resolve a medical emergency, such as:
Medical payments coverage can't pay for:
The underlying idea behind both medical payments and personal liability insurance is to help resolve injuries you're responsible for. Here are some differences between these two parts of your policy:
We know the difference between these two coverages can be confusing, so when in doubt, ask your Kin agent for clarification.
If an accident happens on your property and may lead to a claim:
Get to know the parts of your policy through real world examples.
The dwelling coverage portion of a standard homeowners insurance policy pays to repair or rebuild your home’s physical structure, such as walls, floors, roof, windows, support beams, and foundation if your home is damaged by a covered event (fire, wind, theft, etc.).
Home insurance also covers other structures on your property: your detached garage, fence, shed, and more.
Personal property coverage protects your stuff—things like electronics, furniture, and clothing—anywhere in the world.
If a covered claim makes your home uninhabitable, your Kin policy can help pay for extra living expenses, such as lodging, food costs, and more.
Even careful people get sued! Personal liability coverage can help pay for your legal expenses if you're held responsible for another person's injury or property loss.
Get a quote today.