How MedPay Enhances Your Insurance
MedPay exists to pay for medical expenses incurred by you or your passengers in a car accident. This applies even if you caused the accident, preventing you from paying for these medical expenses entirely out of pocket. If you have a basic auto insurance policy, it will only pay for the damages you inflict on others. Adding MedPay enables you to claim recompense for the medical expenses you or your passengers incur.
Most auto insurance carriers allow their policyholders to add the amount of MedPay they want to be included in their policy, and the policyholder’s premium increases accordingly. Many people elect to purchase MedPay equal to their health insurance deductible. This will effectively cover the out-of-pocket expense of paying the deductible after an accident.
MedPay can provide compensation very quickly after an accident. Other forms of coverage can also be added to an auto insurance policy, providing a wider scope of situations in which a driver can rely on their own insurance to pay for damages. For example, the state has one of the highest statewide rates of uninsured drivers, so many drivers add uninsured driver coverage to their auto insurance. This coverage enables the policyholder to file a claim against their own policy if an uninsured driver causes an accident, and this will not cause the policyholder’s premium rate to increase.
Dealing With an Insurance Company After a Car Accident
Remember that the more expansive your insurance coverage is, the more it will protect you after an accident, but it will also cost you more each month with your higher premium. All drivers should aim for a healthy balance of affordability and coverage, and even a seemingly small amount of MedPay will not be too expensive to maintain while providing an accessible financial cushion when it comes to medical expenses after an accident.
When filing any type of insurance claim for a car accident, it is a good idea to work with an experienced attorney. Not all insurance company representatives uphold their responsibility to act in good faith, and some will try to coerce claimants into accepting unfairly low settlement offers. A good attorney can draft a demand letter to an insurance company on their client’s behalf and assist them in exploring other recovery options if necessary.