Homeowner’s insurance policies are designed to protect you when others are injured on your property. Such a policy provides valuable protection if, for instance, your dog bites someone, or if a visitor slips and falls on an icy walkway. For those who own their homes, it’s an essential type of coverage.
However, a homeowner’s insurance policy does not provide coverage if you suffered an injury at home. That’s what health insurance is for. Here, we’ll explain what is and isn’t covered under a homeowner’s policy.
Coverage for Medical Bills
Within a homeowner’s insurance policy, medical payments coverage pays for guests’ and visitors’ medical bills after they suffer injuries while on the premises. Typically, the limit is low compared to other types of coverage. Medical payments coverage is meant for small bills related to minor injuries regardless of who’s at fault.
In the homeowner’s insurance industry, personal liability coverage usually comes with a higher limit than is found with medical payments. As the name implies, personal liability coverage kicks in when you’ve caused someone else’s injuries or when a home’s condition is to blame. While personal liability coverage doesn’t cover you or any family members residing in the same household, it does cover visitors and guests.
Health Insurance Policies
If you’re injured at home, you will have to rely on your own health insurance policy to cover any medical bills incurred. Health insurance is intended to protect policyholders from the financial effects of an accident or illness, wherever they are. If someone else may be partially or completely liable for your injury, the insurer will try to recover from the at-fault party’s insurance company. This option, unfortunately, is not available with homeowner’s insurance policies.
What Other Protections Do Homeowner’s Insurance Policies Provide?
While homeowner’s insurance policies are known for their protection against damage and fire, they offer other coverage. Personal liability insurance, for instance, extends coverage to you wherever you are. For example, if you’re at a pickup basketball game and cause someone to trip and fall, your homeowner’s insurance policy would pay the victim’s bills. The only limitation is that personal liability coverage from a homeowner’s insurance policy doesn’t extend to motor vehicle-related activities. For those, you’ll need to work with your auto insurance company.
What Happens if a Worker is Injured in Your Home?
Homeowners have certain responsibilities as to the safety of those welcomed onto their property. Referred to as premises liability, this responsibility is extended to babysitters, construction workers, repair specialists, housekeepers, landscapers, and more. While many people assume that these workers have their own coverage, that’s not always true. In some instances, outsiders can hold homeowners responsible for their injuries.
What Level of Liability Coverage Should a Homeowner Have?
As with other types of insurance, you get what you pay for with personal liability coverage. The greater the value of your home and other assets, the more insurance you’ll need. By purchasing as much liability coverage as you can, you’ll reduce the risk of financial ruin in the event of a lawsuit.
Insurance Policies and Attorneys
A surprising benefit of homeowner’s insurance coverage is that it might come with no-cost legal representation. In many cases, insurers appoint and compensate attorneys to deal with lawsuits arising from covered incidents. In simpler terms, you likely won’t need to hire an attorney if someone sues you after being hurt in your home, which is great news for your finances.