Medical Payments Insurance Definition

Medical Payments Insurance Definition - Medical Payments coverage, also known as MedPay coverage, pays medical expenses for you and any passengers in your vehicle who are injured during an accident or auto-related injury.

Medical payments Insurance helps pay medical and funeral expenses when a covered person – the policyholder, passengers, or a member of the policyholder's family – is hurt in an auto accident, no matter who is responsible.
Medical Payments Insurance Definition
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Medical Payments Insurance Definition

Medical payments insurance definition: Medical payments insurance is A general liability coverage that reimburses others, without regard to the insured's liability, for medical or funeral expenses incurred by such persons as a result of bodily injury (BI) or death sustained by accident under the conditions specified in the policy.

Medical payments coverage generally pays for medical costs after you are hurt in a car accident, regardless of who is found at fault for the accident.

Additionally, medical payments insurance may help pay for:
  • Funeral expenses.
  • Injuries sustained by your passengers.
  • Injuries you sustain as a pedestrian or bicyclist after a car hits you.
  • Necessary dental care as a result of a car accident.
Benefits and restrictions of medical payments coverage will differ amongst car insurance companies.

Make sure that when you are comparison-shopping for your car insurance, you speak with an insurance agent from the company to fully understand the details of their medical payments Insurance definition.

How Medical Payments Insurance Works

Here are some examples when medical payments coverage will help pay for medical or funeral expenses caused by an auto accident:
  1. You're hurt when you accidentally hit another car while driving through a parking lot.
  2. Your spouse is injured when she's hit by a car while walking across the street.
  3. Your child is hurt when she's in an accident while a passenger in her friend's car.
  4. One of your passengers complains of neck pain after the car you're driving is rear-ended by another vehicle.

Who needs medical payments Insurance?

Since Medical Payments Insurance protects you, your family, your employees and other passengers in your car, it can be an important insurance to help protect both you and those you care about.

Medical Payments Insurance is mandatory in some states and not available in other states or situations. Contact us to learn what coverage options are available for your business.

How Much Medical Payments Coverage Should You Have?

Most states don't require it, and if you have health insurance through your employer, you may wonder if adding medical payments coverage to your auto policy is worth the cost.

If you're considering this coverage, keep in mind that – unlike health insurance – there are no deductibles or co-payments with medical payments coverage. 

It starts paying with the first dollar of incurred expenses, and pays regardless of who's responsible for the accident.

Another excellent reason to have medical payments coverage – even if you already have health insurance – is that it's comparatively inexpensive. 

We can't tell you how much medical payments Insurance will cost you until we look at your specific circumstances, but many policyholders find they can add coverage for $5 to $8 per month. 
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The cost goes up with higher Insurance limits of course.

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1 Response to "Medical Payments Insurance Definition"

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