Liability And Medical Expenses

Homeowners insurance is a useful way to protect yourself against the large financial expense of liability. It covers liability in only certain situations such as someone injured in your home, injured by your pet or child, or damage caused by you or your child or pet. Of course this is by no means an exhaustive list of circumstances in which your homeowners liability protection will give you coverage.

In addition to providing coverage for legal expenses resulting from a liability lawsuit, your homeowners insurance will generally provide no-fault medical coverage. If you need to pay for medical expenses resulting from injury or damage you are responsible for, the claimant can submit his or her bills to your homeowners insurance company. They will pay for any medical bills up to the limits specified in your policy. This amount is usually somewhere in the range of $1000 up to $5000.

Homeowners insurance can reduce the risk of financial disaster due to liability claims or lawsuits. To get homeowners insurance quotes, please use the form on this website. You will be able to compare multiple quotes from homeowners insurance companies in your area.

Sources

1. What is in a standard homeowners insurance policy? Retrieved May 28, 2008, from http://www.iii.org/individuals/homei/hbasics/whatisin/