Though they are fairly common, nobody likes to think of the possibility of themselves being in an automobile accident. It is very important to understand auto insurance policies so that you can utilize all that they have to offer should you need them. Many people do not realize that auto insurance companies can supplement your health insurance to cover any medical bills that result from injuries that you may sustain in a car accident.
Personal Injury Protection
Most auto insurance companies offer personal injury protection (PIP) packages that can be added to other policies that they offer. This coverage exists to help cover expenses relating to injuries that result from auto accidents. These expenses can include bills from medical visits, transportation to appointments and even lost wages from time away from work.
This type of insurance is often referred to as no-fault insurance because it will pay regardless of who is at fault in the accident. This means that even if you caused the accident, you can reap the maximum benefits of this coverage. Each state has varying laws on what is covered by personal injury protection, so be sure to research what coverage is available in your state.
PIP insurance is a requirement in Delaware, Florida, Hawaii, Kansas, Kentucky, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Dakota, Oregon, Pennsylvania, Texas, Utah, and the District of Columbia. In the other 35 states, it is optional coverage. If you live in a state that does not require PIP coverage, it may be wise to discuss the option with your insurance agent as it can be very beneficial protection to have.
Med Pay Insurance
Med Pay coverage is another type of coverage that can be helpful in the case of injures. Med Pay will only cover injuries that are a direct result of vehicle accidents and usually has a limit of $25,000. Because of this, Med Pay insurance is often much cheaper than Personal Injury Protection.
It is important to know that you will have to add this protection to each vehicle that you own so that you will be protected regardless of which one you are using. This ensures that everyone in the vehicle will be protected by your policy.
It is very important to consider adding one of these types of coverage to your auto insurance policy, as they can help you avoid some financial hardships that come from medical expenses resulting from car accidents. For more information, talk to a professional like Holt Insurance Services.Share