Personal insurance is designed to transfer risks which can arise with individuals. After an accident, insurance coverage helps bring you back to the same position you were in before loss occurred. The modern Homeowners/Renters policies can cover dwellings, contents, personal liability, and medical payment exposures all in one "package" policy.
Property Coverage
Dwelling:
This coverage pays for damage to your house and attached structures.
Personal Property:
Coverage to personal property owned by or in care of an insured.
Furniture, fixtures, clothing, appliances, etc.
Liability Coverage
Personal Liability:
This coverage pays for bodily injury or property damage to a third party if you or your family members are found legally responsible. This coverage also extends to the personal activities of you and your household member anywhere in the world.
Medical Payment:
Coverage for accidents to persons other than insured on the insured location. It pays for the necessary & reasonable medical expenses that are incurred.
Note: Nothing stated herein is intended to supersede or replace any provisions of the actual insurance policies and the coverage and risks underwritten by those policies. Insurance policies contain many conditions, exclusions and other terms which are not explained or described in this summary which is only for general information purposes. You must always review the actual insurance policies for the precise wording of the coverage, terms, conditions and limits which apply to you and your particular insurance.
