Insurance Med Pay and Personal Injury
There are several way in which an insurance policy can impact your personal finances. Liability coverage, uninsured driver, and medical coverage are all important, but medical coverage will have the LEAST impact on any personal injury claims.
Liability coverage and uninsured driver generally have high limits — up to $500,000. Medical coverage usually has a limit of only $5,000. If you were involved in a car accident, your lawyer will review all of these amounts on your insurance policy and the other driver’s policy.
Although medical coverage sounds critical, medical bills can be covered with other parts of the insurance policy. Medical coverage is unique in that it’s a “no blame” coverage. Generally medical coverage will be utilized for injuries caused by minor accidents — bruised ribs or a minor head bump. Anything more complicated will cost more and will require the intervention of a claims agent to assign blame.
Keep in mind, using your medical coverage will still be considered a claim and you might see your next insurance bill increase dramatically. If you’ve been involved in any accident, large or small, that required medical care, contact a lawyer to review the case.