Sometimes called “MedPay,” medical payments coverage reimburses the policyholder and others for medical or funeral expenses as a result of bodily injury or death following an accident—regardless of fault.
Medical payments insurance may cover expenses like doctor and hospital bills, chiropractic charges, physical therapy and bills for alternative care if you’re hurt in a car accident. It may also cover you when driving someone else’s car or getting hit as a pedestrian by someone else. It generally pays more than health insurance would on the same medical bills; however, coverage is generally capped between $1,000 and $5,000.
If you carry health insurance, take a look at your plan’s provisions before purchasing medical payments coverage, as some coverage overlaps may occur unnecessarily. However, insurers usually recommend medical payments coverage for your financial protection.
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