Yearly Archives: 2022

Money-saving gurus everywhere these days tell you how to save money on your car insurance. They recommend you reject certain coverages to save money. Before you cut back, you should understand what you are giving up. One coverage often targeted is Medical Payments. Don’t reject the medical payments coverage and leave yourself open to an expensive bill just to save a few dollars!

What is Medical Payments Coverage?

Medical payments coverage is offered as part of a personal automobile insurance policy. Currently, the most popular limit offered is $10,000.  Some carriers still offer up to $100,000 for a nominal amount. The cost can be as little as $8 dollars for a six month period.

What does Medical Payments cover? Medical bills for you and any other human occupants of your vehicle in the event of an accident due to  bodily injury.

This could be very handy if you or your passengers don’t have health insurance. Another benefit could be that your paying  your injured passenger’s medical bills could head off them filing a lawsuit against you. And there’s more…

The aspect of the coverage that most people are not aware of is that it covers you if you are injured by a motor vehicle while you are a pedestrian. You don’t even need to be in your vehicle. Let’s say you are walking down the street and you are struck by a car. This coverage would pay, along with any other coverage that might apply.

We had a customer who, unfortunately, lost his life a few years ago while on a business trip out of state. He was riding a bicycle and was hit by a car. His wife, among other things, collected the full amount of $100,000 from the medical payments portion of their policy.

So don’t reject the medical payments coverage until you do some research or call us for an explanation of the coverage. We can help you understand what you may be giving up. Then, you can make an informed decision.