Making Sense of Medical Payments Coverage
What is medical payments coverage?
Medical payments (sometimes called “medpay”) covers hospital bills and funeral expenses, up to your chosen limit, if you’re in an accident. Your insurance company pays regardless of who is determined to be at fault (responsible). It even covers your passengers at the time of the accident.
Medical payments is similar to Personal Injury Protection (PIP) coverage, which is offered in about 15 states. However, unlike PIP, medical payments will not reimburse for lost wages.
Do I need medical payments coverage if I have health insurance?
Medical payments limits (the “limit” is the maximum amount of money you can expect to receive for a claim) vary by state. Typically, however, it’s $10,000 or less. So, the coverage is best used as a supplement for your primary health or life insurance. Medical Payments could come in handy for any deductibles, copayments, or out of pocket expenses you incur related to medical treatment following an accident.
Interestingly, your medical payments coverage could apply if you’re struck by a car while walking or bicycling.
What if I’m still unsure?
If you still have questions, or are unsure whether medical payments coverage is right for you, contact your insurance agent. Agents are highly trained professionals who know the ins and outs of auto insurance. They can help you choose the coverage levels you need to protect yourself, your family, and your car.