What is Car Insurance Medical Coverage?
Car insurance medical coverage, also called medical payments coverage by many insurance companies, is a form of automobile insurance that can help to cover a wide array of medical costs for both driver and passengers who have sustained injuries in an automobile accident, no matter who is proven to be at fault. This type of accident coverage is optional, but it can provide you with peace of mind while driving alone or with passengers in exchange for paying a nominal amount in insurance premiums each month to carry this type of coverage.
Medical Coverage Benefits
By electing to have car insurance medical coverage, the policyholder is protected in a number of different ways. If an accident happens while driving the insured vehicle, when travelling as a passenger in another driver’s vehicle, or even if the policyholder is a pedestrian and is hit by a vehicle while walking or riding his bicycle, medical coverage kicks into place to protect the policyholder from the financial ruin that can accompany mounting and unexpected medical bills. Many car owners opt to take medical coverage on their insurance policy because it also protects any passengers travelling with them at the time of an accident and even covers another family member who may be driving the policyholder’s car at the time it becomes involved in a collision. Even if you already have a good health insurance policy, medical coverage can prove to be a financial lifesaver by covering healthcare expenses caused by an auto accident after the limits of your regular health insurance policy have been reached.
Car insurance medical coverage can be used to pay for a wide variety of services, including stays in the hospital, hospital visits for procedures and treatments, doctor’s appointments, EMT and ambulence fees for getting to the hospital, surgery, X-rays, prostheses in the event a limb is lost, professional nursing care at home or during extensive hospitalization, dental care and even funeral costs in the event an accident causes loss of life. Coverage amounts for medical payments typically start at $1,000 and graduate to levels reaching $5,000, $10,000, $25,000, $50,000 up to $100,000. Most insurance professionals point out that this type of insurance coverage offers the most benefits for the least cost, which usually averages out to several additional dollars per monthly premium. In some states, medical coverage is mandatory and must be taken out in the form of a no-fault insurance policy called a personal injury protection (PIP) policy. But to expand your medical coverage, you are allowed to carry both PIP as well as medical coverage on your car insurance policy in every state with the exception of Texas, where insurance companies are prohibted from selling both PIP and medical coverage on the same policy.
Adding Medical Coverage
If you don’t currently have medical coverage on your current car insurance policy, you don’t have to wait until your policy is up for renewal to add this feature. It’s also a good idea from time to time to review your medical coverage limits on your policy to see that they are up to date and will serve your current needs in the event of an accident.