What is the minimum coverage amount for Medical Payments in homeowners insurance?

In Wisconsin, homeowners insurance policies typically provide a minimum coverage amount for Medical Payments that is set at $1,000. This coverage is intended to assist with medical expenses for guests who may sustain injuries on the policyholder's property, regardless of fault.

Medical Payments coverage aims to address small medical claims quickly and easily without the need to establish liability, making it beneficial for both the insured and any injured parties. By having a standard minimum amount, it helps ensure that there is a baseline level of financial protection available for such incidents.

While higher limits can be chosen or recommended based on personal circumstances, the recognition of $1,000 as the minimum helps standardize expectations across various homeowners insurance policies.