Uninsured / Underinsured Coverage
A simple way to think of medical payment coverage (a.k.a. "med-pay") is that it is health insurance built into your auto policy to cover medical treatment related to a car accident. Thus, you cannot use your med-pay coverage to get a flu shot. The medical treatment it covers must be connected to a motor vehicle accident. Additionally, it will only cover medical treatment up to your med-pay limits. Once your limit has been met, your auto insurance will stop paying for further treatment.
Whether someone found a great Holiday season car deal or they are getting ready for a car dealership's annual New Year's sale event, many individuals are considering purchasing a new vehicle this time of year. If you are one of those individuals, or someone who has recently purchased a vehicle, you may want to consider adding gap insurance to your new vehicle's insurance policy.
When a person is injured in an accident involving an automobile it is standard practice for the injured person to make a claim against the driver who injured them as well as that driver's insurance company. Including the insurance companies is important because individual drivers do not usually have sufficient assets to reimburse the people they injure. But what happens if the driver does not have insurance?
Automobile insurance is an important aspect of life which most people do not pay much attention to until they are in a collision. Unfortunately, when a collision occurs some people may find that their insurance coverage is inadequate and that their insurance company will not defend them throughout the litigation which may ensue.