by salilsurendran » Thu Oct 25, 2012 09:59 pm
Hello Friends,
I am shopping for a home owner's condo policy and I am a bit surprised about Guest Medical Protection in the Condo Policy. One component of family liability is that if a guest trips in your home and decides to sue you for medical expenses and lost wages. I wonder like who would do that, for eg. if a person does trip on a rug or something why should it be my fault and second thing which guest would sue a friend for damages? Wondering if this is valid clause that I should be paying for?
I am shopping for a home owner's condo policy and I am a bit surprised about Guest Medical Protection in the Condo Policy. One component of family liability is that if a guest trips in your home and decides to sue you for medical expenses and lost wages. I wonder like who would do that, for eg. if a person does trip on a rug or something why should it be my fault and second thing which guest would sue a friend for damages? Wondering if this is valid clause that I should be paying for?
Posted: Fri Oct 26, 2012 12:34 am Post Subject:
which guest would sue a friend for damages?
The one who trips over the throw rug YOU own and are liable for. That's who. The Guest Medical doesn't just cover someone in your condo, but anywhere on the premises of the condo complex. If he trips over a hose, a crack in a sidewalk, gets electrocuted in the pool, or breaks an ankle on the basketball or tennis court without any contributory cause, this is just some added protection for you. What if someone simply gets sick or is having a heart attack and you have to call the paramedics? Some cities charge $1500-$3000 for that response. Your insurance would pay for it.
Your range of thinking is too narrow.
You can drop it if you want, and your annual premium might go down by $20-$80. Would you rather pay that or a $5,000 out of pocket expense? From my perspective, this is a non-issue. The small cost is far outweighed by the amount of protection you are being provided.
Of course, you can avoid the expense entirely by never inviting anyone to your place. It works quite well for hermits.
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