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Car Insurance - Other Coverage
Insurance
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Auto insurance
coverage is packaged into different coverage
types. It is usually easiest to first determine
what you are required to purchase. Then, you
determine what you have that needs to be
protected. You purchase insurance to protect
yourself (your family) in the event that you
suffer a loss to your person or property and you
purchase insurance to protect yourself (your
family) from losses suffered by others.
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Car
Insurance - Personal Injury Protection Coverage (PIP):
Covers within the
specified limits, the medical, hospital and funeral
expenses of the insured, others in his vehicles and
pedestrians struck by him. The basic coverage
for the insured's own injuries on a first-party basis,
without regard to fault. It is only available in
certain states.
Car
Insurance - Who’s covered?
- Policyholder
- Policyholder’s
relatives in the same household
- Passengers
- Other authorized
drivers
- Policyholder and
family members if they are injured while riding in
someone else’s car or as a pedestrian when
struck by another vehicle. (in some states)
Car
Insurance -
How much protection
does this coverage provide?
Total payments covered
by PIP are the limits indicated. That is the maximum
amount that will be paid per person for any
combination of covered expenses (some states offer
limits and others set it to an amount like $10,000).
Specific limits and coverages vary by state.
Car
Insurance - Who might benefit
from buying additional medical coverage along with
PIP?
People who don’t
have health insurance that adequately
covers the expenses listed above or people who carpool
or frequently drive with passengers.
Car Insurance - First
Party Benefits - Medical (FPB or MEDEX)
First Party Benefits
cover several areas of insurance coverage
however, this definition is for First Party
Benefits-Medical. Similar to medical payments coverage
and Personal Injury Protection, FPB helps pay for your
medical expenses if you or relatives living in your
household are injured in an accident. Specific limits
and coverages vary by state, but typically
these services include:
-Related medical and
surgical treatment
-Essential
rehabilitative services (physical therapy, speech
pathology, etc.)
-Necessary dental,
psychiatric, psychological, and optometric treatment
-Ambulance and
nursing service
-Required
medications, medical supplies, and prosthetic devices
Car
Insurance - Who's Covered?
First Party
Benefits-Medical provides coverage to the
policyholder, drivers listed on the policy and
relatives living in the same household as the
policyholder.
Car
Insurance -
How much protection
does this coverage provide?
Total payments covered
by FPD are the limits indicated. That is the maximum
amount that will be paid per person for any
combination of covered expenses.
Car Insurance - Medical Payments (MEDPM):
Covers medical expenses
to you and your passengers injured in an accident.
There may also be coverage
if as a pedestrian a vehicle injures you. Does NOT
matter who is at fault.
Medical payments may
also cover policyholders and their family members when
they are injured while riding in someone else's car or
when they are hit by a car while on foot or bicycling.
Coverage is
limited to the terms and conditions contained in the
policy.
Car
Insurance - Who might benefit
from buying Medical Payments coverage?
If you and your
regular passengers already have health insurance
that covers similar expenses, medical payments coverage
may be unnecessary. Check your health insurance
policy for details.
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