Posts from November 2012

Turkey Day Turkeys

Thanksgiving should be a time for family and friends to gather together, enjoy each others company, eat too much and possibly sneak in an afternoon nap on the couch. And for most people that’s just what it is. But accidents can happen and people get hurt (don’t even get me started on the whole fried turkey thing).

So what does any of this have to do with insurance? Glad you asked. Let’s say Uncle Earl, while carving the turkey, manages to carve a piece of his hand with the electric knife. Your homeowner’s insurance policy will pay up to $5,000 for his medical expenses. This coverage is simply called Medical Payments. There are higher limits available for a very minimal charge.

Your policy will pay the medical expenses of someone injured in your home regardless if you are at fault. It is often hoped that by paying the medical expenses of someone injured in your home that the injured person will not pursue a lawsuit. One thing to keep in mind is that coverage is excluded for household members.

So enjoy your family and friends, eat as much as you like, watch every minute of football, and don’t let Uncle Earl use the electric knife.  

The above is meant as general information and as general policy descriptions to help you understand the different types of coverages available to you. Always consult your policy for actual coverages and exclusions.