what insurane covers personal body injury on rental property owned by a bank and landlord

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Sep 9, 2011

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Insurance Question from Hammond, MN

Asked on 09/09/2011

what insurane covers personal body injury on rental property owned by a bank and landlord insurance coverage

Answer given on September 18, 2011

If a person is injured on a property, the liability insurance for the property owner would respond to defend the owner. Even though the property has a mortgage, the owner of the property is the responsible party. Liability insurance will defend the owner against any suit for the injury. They may attempt to settle the claim out of court, or it could be a case that goes to court. If the case goes to court, and the property owner is held liable for the injury, the insurance company will pay, up to the policy limits for the injuries sustained as well as any other expenses allowed by the judgement.A liability policy also contains a medical payments portion that could pay a part of the medical expenses incurred by the injured party. This type of insurance does not require a lawsuit, or even proof of negligence. It is something that can be paid out at the insured’s request.

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