Medical payment coverage is an optional form of car insurance that helps pay for medical and funeral expenses after a car accident. It is part of an auto insurance policy and can help pay for the medical expenses of the policyholder, family members who drive the car, and passengers, regardless of who caused the accident. This coverage is also known as MedPay and is available in most states. In the event of a car accident, MedPay can help you pay for your medical expenses or those of your passengers, even if you are at fault.
It is a supplement to an auto insurance policy that covers expenses related to vehicle accidents. People who buy car insurance should consider if they need MedPay and if they should have PIP coverage. Personal injury protection (PIP) is mandatory in states that require no-fault insurance and generally offers more generous coverage than MedPay. Once your medical expenses reach a certain threshold, the Michigan Catastrophic Claims Association (MCCA) begins reimbursing the insurance company. Even if your car insurance policy is no-fault, it doesn't cover you if you caused an accident due to alcohol or drug use. There may be additional savings when purchasing other policies, such as boat insurance, supplemental insurance, and floating insurance for personal items.
Travelers uses its subsidiary, InsuraMatch, LLC, an independent insurance agency, to recommend consumers interested in pet coverage, motorcycle and off-road vehicle coverage, and travel coverage. All three coverages overlap, so the answer depends on how your health insurance policy is structured and where you live. It depends on what your auto and home insurance policies allow and whether you live in a no-fault state. If you don't have health insurance, you should consider having a higher MedPay limit to help you pay your medical bills after an accident. When you combine your auto and home policies with Travelers, you can save up to 10% on your auto insurance. Medical payment coverage is an important part of any auto insurance policy and can help protect you from financial hardship in the event of an accident.