One thing that you get familiar with when having kids is having playdates. Your child might want to have a friend visit your home. Or, your child might want to go to their friend’s house. What you or any other parent might be concerned about with such situations is safety. You don’t want your child to get hurt in someone else’s home, and they don’t want their child to get hurt in yours. Still, were an accident to happen, then you need to be able to help the injured parties. That might include helping them with medical costs. You might be able to do so using accidental medical payments coverage on your homeowners insurance. Here’s some more information on that critical piece of coverage.
What’s Accidental Medical Payments Coverage?
Your homeowners insurance will likely contain liability insurance. This is sometimes called at-fault insurance. It covers you when you make a mistake that harms someone else who isn’t a resident of your home. Most liability policies contain bodily injury coverage.
So, if one of your child’s friends were to trip on a broken step, they might fall and hurt themselves. If they do, their family might blame you for letting the child get hurt. They might sue you for compensation for the medical bills. Since the broken step (and therefore, the child’s injury) was likely your fault, then your bodily injury liability coverage might pay for the child’s medical costs, as well as legal settlements.
However, there are times when a child’s injury might not be your fault at all. Someone might simply fall when playing in the yard. Kids fall all the time, they get hurt, and sometimes, and their parents might need help covering their medical bills.
Even if you have no fault in the injury, your insurance might provide assistance. That’s what accidental medical payments coverage can do for you. It’s there to help you compensate others even if you don’t have an obligation to do so.
In a way, it’s a big assistance to many people because not everyone has health insurance to cover injury costs. Because the accident happened on your property, then your policy might be a way that you can help them out without digging into your own pockets. Not only that, by letting accidental medical payments coverage pay, you might even be able to avoid a lawsuit against you. That could create a much smaller incident for your insurer than a full-fledged liability claim.
Keep in mind, this coverage won’t replace someone else’s health insurance. Nor will it cover people who live in your house. However, it’s a great benefit to those who wish have a resource available to their neighbors when accidents occur. Contact us today for more information.