Have you ever had a friend at your house and they tripped on a step and got hurt? Accidents happen, often by no fault of yours. That’s why it’s important you carry medical payment coverage on your insurance policy.
Most homeowners policies include a small limit for medical payment coverage. Medical payment coverage is what it sounds like - a no-fault limit of insurance available for medical bills that accumulate because someone was hurt while on your property.
When someone you know gets hurt at your house, it’s nice to be able to offer them money toward their bills. Sometimes it’s someone you don’t have a connection to. The immediate thought at that point is usually, ”It’s not my fault! Why is my insurance paying?” That’s where this coverage comes in. Think of it as a “peace offering.”
It’s not a pretty situation when someone gets hurt on your property and they think it’s your fault. Having medical payment coverage allows your claims adjuster to offer something to help them out. Telling someone there isn’t any coverage usually results in them finding a lawyer and filing a liability claim. A liability claim stays open much longer and costs more money.
The moral of the story? Medical payment coverage is good protection to have on your policy.
