fbpx

Back to list



Loss of Use and Medical Payments Coverage Explained



Posted on


Finding top Florida homeowners insurance companies can be difficult to find if you don’t understand what is included in a majority of home insurance policies. In today’s blog, we will dive further into Loss of Use and Medical Payments Coverage. These two coverages along with four other coverages (Dwelling, Other Structures, Personal Liability, and Personal Property) are all included in many home insurance policies.

 

What is Loss of Use Coverage?

Loss of Use Coverage, also known as Coverage D, provides protection in the case that your home is damaged or destroyed by a natural disaster and you have to live in another living space while your home is being repaired. With this coverage, they will reimburse for all your living expenses like hotel, restaurant, etc. fees during the duration that your home is being patched up. The reason why this coverage exists is so that they can help you maintain your current living standard in the case of a disaster. Before using this coverage, make sure you get approval from a carrier or file a claim and ask if there are time limits applied to it.

 

What is Medical Payments Coverage?

Medical Payments Coverage, also known as Coverage F or MedPay, can cover medical costs when someone does not sue you when they got injured on your property. With Medical Payments Coverage, you can use this to help pay for their recovery fees. MedPay can pay up to about $1,000 per person who is injured. If you feel the need to have more protection, you can always increase the amount you feel needed for this coverage. Another interesting fact about MedPay is that it is the only coverage in a typical home insurance policy in which the limit is not dependent on your dwelling coverage amount.

 

Some examples of injuries without suing include:

  • As you are taking a morning stroll, your dog bites an elderly woman, but she does not take legal action to harm you.
  • Your neighbor was taking a walk around the neighborhood and accidentally tripped and fell over your steps. They ended up injuring their ankle, but do not want to sue you.
  • Your neighbor’s kids were playing tag outside and fell on your driveway. The fall sprained their ankle and wrist, but their family does not want to bring this up to court.

 

Please note that cases like mental, physical, and sexual abuse; disease transmission through communication; and controlled substance distribution, manufacture, and sale are not included under Medical Payments Coverage.

 

Hopefully after reading this blog post, you have a better understanding of what Loss of Use and Medical Payments Coverage are.  If you still need assistance in finding the top Florida homeowners insurance companies, reach out to a Get-A-Quote professional today! Get-A-Quote is an excellent insurance shopping tool to help you find all your insurance needs.

BE SURE ABOUT INSURANCE

Do You Know How to Generate Insurance Leads?

As an insurance agent, one of the most challenging aspects of operating is knowing how to generate insurance leads. It’s often not easy to find new clients and leads must...

Read More

Lead Generation for Insurance Agents Tips

Are you looking for tips for lead generation for insurance agents?   More than 70% of consumers research their insurance options online before choosing a provider. There are an absolute...

Read More

How Much Homeowners Insurance Do I Need?

When a disaster strikes your home, it can be difficult to determine how much homeowners insurance you need in order to help you get back on your feet. Coverages that...

Read More

Which Home Insurance Coverages Protect College Students?

In our previous blog, “College Students and Their Parents’ Home Insurance,” we shared a lot of intel about what a caregiver’s home insurance can provide for their college student. In...

Read More

College Students and Their Parents’ Home Insurance

If you are a college student who’s planning on moving out or a parent sending off their college kid, then this blog is for you! Moving day can be an...

Read More

More Homeowners Insurance Tips 2021

In our previous blog, we shared some tips on home insurance. To give you that extra support in your insurance research journey, we compiled another short list of homeowner insurance...

Read More

Home Insurance Policy Tips 2021

Lately, it has been an intriguing year for homeowners when it came to 2020’s wildfires, hurricanes, and pandemic. Despite 2020’s challenges, it still managed to outperform the 2019 house market...

Read More