Medical Payments As Part Of Your Automobile Insurance Is Important
Medical payments coverage (also known as Med Pay) is the best bargain that you have on your auto insurance policy. The premium for this coverage is relatively cheap. Medical payments coverage is single-limit per person coverage. The coverage offered by insurance companies are generally $1,000, $2,000, $5,000, $10,000, $25,000, $50,000, and $100,000. This coverage pays for reasonable and necessary medical expenses resulting from an auto accident.
One thing to remember about this coverage, it is not fault-based. If you are driving your vehicle down the road and you drive into a brick wall, and the accident is entirely your fault, your med-pay coverage still applies.Medical payments coverage (also known as Med Pay) is the best bargain that you have on your auto insurance policy. The premium for this coverage is relatively cheap. Medical payments coverage is single-limit per person coverage. The coverage offered by insurance companies are generally $1,000, $2,000, $5,000, $10,000, $25,000, $50,000, and $100,000. This coverage pays for reasonable and necessary medical expenses resulting from an auto accident.One thing to remember about this coverage, it is not fault-based. If you are driving your vehicle down the road and you drive into a brick wall, and the accident is entirely your fault, your med-pay coverage still applies.Med-pay coverage is also not vehicle-specific. Once again, it follows you and your family to protect them in any accident involving an automobile. Also, auto med-pay coverage applies to auto v. pedestrian accidents and accidents which occur when you are not in your own vehicle.
Med-pay coverage is the biggest bargain that you have on your auto insurance policy. Auto insurance carriers do not advertise med-pay coverage. I have never heard a commercial by an auto insurance carrier informing the public they offer med-pay coverage to their insured. If you do not have health insurance coverage, med-pay coverage is a must, because you are more likely to be injured in an auto accident than by any other type of accidental injury.
Medical payments as part of your automobile insurance is good coverage to have. If you do not have health insurance coverage, med-pay coverage is a must.
