We’ve all heard the term “liability” when talking about insurance, but let’s be honest – how many of us really know what it means? Me and my team like to call it “lawsuit protection” because that’s exactly what it does: it protects you if someone tries to sue you after an accident. Much clearer, right?
Now, another piece of the insurance puzzle that often flies under the radar is Medical Payments coverage, or MedPay for short. What’s MedPay? It’s designed to cover reasonable medical expenses for you, your family, and any passengers resulting from injuries sustained in an auto-related incident regardless of who’s at fault.
How’s that for word salad? To put it simply: if you or anyone in your vehicle gets injured because of an accident involving your car, MedPay helps foot the medical bills.
Most folks immediately think of a fender bender and that’s a great place to start. Say you’re driving and accidentally hit someone. Your lawsuit protection (liability) covers their injuries, while MedPay takes care of your own medical expenses. If you’re a passenger in a car that causes an accident, the driver’s MedPay covers you, too. On the flip side, if you get hit by another driver, their lawsuit protection should cover your injuries, assuming they’re properly insured.
But here’s where MedPay shines: sometimes insurance companies drag their feet on admitting fault, and medical bills start piling up while you’re getting checked out by your doctor or chiropractor. That’s where your MedPay steps in to pay those bills while the claim is being sorted.
Here’s a little-known nugget: MedPay isn’t just for collisions. Depending on your insurer (for example, with State Farm, since that’s who I know), if you’re getting out of your car, trip over the doorframe, and break your arm, MedPay could still cover your medical costs – because it involves your vehicle.
If you don’t have MedPay, you’re either stuck paying out of pocket or relying on your health insurance. The great news? Even if you have solid health coverage, MedPay can help pay toward your deductible or max out-of-pocket limit.
Imagine this: it’s early in the year, and you’ve been healthy so far – no doctor visits. Then, boom, you’re in an accident, incurring big medical bills. Your health insurance has a $10,000 max out-of-pocket, and you haven’t paid a dime this year. Viola! Enter MedPay. It pays your max out-of-pocket, and suddenly, you’re covered for the rest of the year!
This is just one of the many ways we help our customers understand how their insurance actually works for them. For an experience on in a billion, call Anthony Quillian where #WeHelpYouSleepAtNight!
