Marlena, who just bought Aurora, CO renters insurance was reading her policy and wanted clarification. She writes,
What is medical payments coverage on renters insurance? Does that mean I can drop my health insurance because renters insurance is much cheaper!
Marlena, whatever you do, don’t make changes to your health insurance.
What Is Medical Payments Coverage On Renters Insurance?
Often, people wonder if they can drop their health insurance because their renters insurance has medical payments coverage. This would be a terrible idea. Find out why!
If It’s Not For Me, What Is Medical Payments Coverage On Renters Insurance?
You know you have liability coverage on your renters insurance. But sometimes injuries happen and liability just isn’t the appropriate way to claim it. Maybe there was no fault or negligence involved, it just happened in your apartment. Injuries can happen without fault actively being involved. Medical payments coverage on renters insurance responds to these situations so that your wallet doesn’t have to.
How Is Medical Payments Coverage On Renters Insurance Different Than Liability?
Liability pays for bodily injury or property damage done to someone else. That “someone” can include both a natural person or a corporation or other entity. Medical payments to others on renters insurance responds to bodily injury suffered by an individual to help make them whole without having to determine who was responsible for the injury. This simplifies the process and avoids having to work through the process of a renters insurance liability claim.
Medical payments to others coverage helps give you peace of mind. You know that if your child has friends over and they fall and injure themselves, or if there’s an attractive nuisenace impacting your renters insurance that leads to injury, your insurance will respond in a simple, straightforward way that doesn’t involve liability or finding fault. It simply involves making things right in the most efficient manner possible.
Medical payments coverage on renters insurance allows you to quickly handle smaller third party injury claims without regard to fault. For more information on how medical payments coverage on renters insurance can help you, call Effective Coverage (800)892-4308 for answers from the insurance experts for renters.