What is Medical Payments Coverage?
You are involved in a motor vehicle collision. You receive needed treatment following the collision and incur medical bills because of your necessary medical care. You are concerned about paying your medical bills because of the collision as you are unsure if you maintain the funds to pay the bills out of pocket. You are wondering if you have any options. One place you should check is your own automobile insurance policy to see if you maintain medical payments coverage (“med pay”) on your policy.
Med pay coverage is a coverage you can purchase to help pay for medical expenses following a motor vehicle crash. Additionally, med pay coverage can also aid in paying for funeral bills, if needed. An important characteristic of med pay coverage is that it is available no matter who is fault for the collision.
Also, med pay coverage is also available to the passengers in your vehicle at the time of the collision. Obviously, the amount of med pay coverage available under your policy may vary depending on the amount you decide to purchase. Moreover, the cost of purchasing med pay coverage will differ depending on the insurance carrier and the amount of med pay coverage purchased. It is important to know whether you maintain med pay coverage on your automobile policy to ensure you can request all possible benefits available under your insurance policy.
Maintaining med pay coverage on your insurance policy is to help make sure there are benefits available to you and/or a passenger in your vehicle in the event you are involved in a motor vehicle collision that requires medical treatment to you and/or one of your passengers. Doing your due diligence on what policy coverages are right for you can take only a few minutes but can have a large impact on your life following a collision. The next time you have a free moment, check your insurance policy to make sure you know the coverages available to you.