What is medical payments coverage on my auto policy?
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.
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, co-payments, 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.
We always recommend having some medical payments coverage on your auto policy. You may have $0 copy or $0 deductible on your health insurance, but what about your passenger? Wouldn't it be nice to offer to pay for their hospital deductible if they're injured while in your car?
Like we always say...better to have more insurance than not enough. If that day comes when you need it and you don't have it, you'll be sorry.