What is this mysterious auto coverage?
Medical payments coverage is primarily for your passengers if they are ever injured while you are driving. The coverage can also be used if you are injured as a passenger in someone else’s vehicle. It serves purpose if you are hit by another vehicle while walking or cycling. It comes into play if you require hospitalization services after an accident. In some cases, medical payments coverage can help pay for funeral expenses of insured drivers and passengers after an accident, regardless of fault.
Is it something I need?
If you already have excellent health insurance, you may have very little need for the coverage. On the other hand, if your health coverage is not comprehensive enough to cover some of the common injuries that result from auto accidents, medical payments coverage may be worth looking into.
Typically limits range from $500 – $10,000 depending on the insurance company. This coverage is entirely optional and it may or may not be something with which you see value. Regardless of whether or not you do, it brings peace of mind knowing you are properly insured should an accident occur.
More importantly you should think about your passengers and how frequently you drive other people. If your passenger sustained bodily injury after a collision that was your fault, your med pay coverage would serve its purpose. Medical payments coverage can limit your out-of-pocket expenses if an at fault auto accident occurs. When seen on an auto policy the coverage is typically not very expensive. If you operate a motorcycle, ATV, dirt bike or dune buggy, the cost of med pay coverage significantly increases. This is due to higher risk activity. If you operate one of these vehicles, it would be to your advantage to increase med pay limits.
Should you have any questions or concerns in relation to medical payments coverage, please don’t hesitate to contact us!