With both types of nursing home insurance, there are ways that can help you save money, and also make smart planning choices for the future. This article covers an overview of these various insurance coverage’s for covering you in a nursing home.
When you move into a nursing home you usually get rid of a lot of the contents of your home because you are moving into a smaller space. Often times you may give items to family members, or sell items at the time you sell you home. The things that you keep when moving into a nursing home will often be the items you most cherish so it’s important to know what might happen if you have an insurance claim due to someone stealing your personal belongings or contents of your new residence or other perils like a fire.
Getting Liability Insurance in a Nursing Home
If you move into a nursing home, you may be asked to purchase liability insurance in the same way tenants are asked to purchase renters insurance, or condo owners may be required to carry liability insurance. The reason for this is that as a resident in the nursing home you may become liable for damages caused by your activity there or actions. If you purchase insurance for your contents in the nursing home ask the same insurer about the liability. It may be included.
Liability for Parents in a Nursing Home
If you are looking for liability for parents in a nursing home, then ask your insurance representative if the liability is covered, or if they can offer an extension of liability to cover your parents in the nursing home. Do not assume it is automatically covered.
