General Auto Insurance and Medical Payments Tips

Biphoo

11 Jul 2016

157 Views

General Auto Insurance and Medical Payments Tips, Top Tips For Cheaper Auto Insurance, General Auto Insurance

General Auto Insurance and Medical Payments Tips:- Many people make mistakes when shopping for auto insurance. These mistakes can be critical, causing real problems when you have a claim. One area where you can really get yourself in trouble is with medical payments coverage (called PIP in some states). If care is not taken, you could end up with enormous bills with your name at the top and no help paying them. Top Tips For Cheaper Auto Insurance.

Here is a list of ten things you should understand about medical payments when shopping for auto insurance quotes:

1. With very few exceptions, the only way to get your insurance company to pay if you are hurt in a car accident is to have medical payments.

2. In most states, this coverage is optional. You may need to specifically ask for it in order to have it on your policy.

3. Because it is typically optional, many insurers will leave it off on purpose to provide a lower quote and to avoid paying more when you have a claim.

4. The different insurance companies have widely different policies regarding how the medical bills are paid. For example, some companies stop paying all bills from an accident after 12 months.

5. Some general auto insurance policies have medical payments coverage but it can be quite low. Nearly all insurance companies offer coverage as low as $1,000, which simply will not cover very many injuries.

6. Medical payments coverage usually has no deductible.

7. In most cases, medical payments coverage applies on a per person basis. For example, if you have $25,000 in medical payments coverage and three people in your vehicle suffer injuries as a result of an accident, the insurance company will pay up to $25,000 times three, or $75,000 total.

8. If you are injured by an automobile accident as a pedestrian, some companies policies will extend medical payments coverage to pay for your injuries.

9. Many companies will cover passengers in your car under medical payments even if they are not named on your policy. It’s good to check with your insurance company to be sure. Car Accident Insurance Claim Time Limit

10. A few (but not all) insurance companies will pay for injuries under medical payments regardless of which party is at fault. That is very helpful in situations where it takes time to determine fault, and all the while you have medical bills that pile up in your name.

There really isn’t a good reason not to carry medical payments coverage on your general auto insurance policy. A Guide To Car Insurance Quotes Tips And Information. Ask yourself the following question: “If I were to be hurt in a car accident, would I expect my insurance company to pay?” If the answer is yes, sit down with your insurance agent soon and discuss your medical payments coverage.

Biphoo

11 Jul 2016

157 Views