Best Rate Insurance Blog

Most people are aware that home insurance provides coverage for your home and its contents. There is also another aspect to home insurance. Miami homeowners and renters may benefit from medical expense protection as part of the liability coverage that is standard to many home and renters’ insurance policies. 

The liability portion of your home or renters’ insurance covers you should a guest be injured while on your property and then file a lawsuit. This may extend to injuries caused to others by your family or even your pet outside the home. Some insurers recommend that owners and renters have at least $300,000 worth of liability protection, however you may also purchase up to $1 million extra (umbrella) liability coverage for a relatively small additional cost. Homeowners and renters’ policies also usually contain no-fault medical coverage. Should anyone be injured on your premises this may provide between $1,000 and $5,000 towards medical expenses. This only covers injuries caused in your home and not any inflicted by your family or pet outside your property.

There are many aspects to home insurance. Miami insurance agents can offer advice on the medical insurance coverage in homeowner and renters’ policies, and on optional coverage that may be useful in your own circumstances.

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