Auto insurance what is the terms for medical coverage for your passenger.

Question

Auto insurance what is the terms for medical coverage for your passenger.

Answer 1

Medical Payments Coverage (Med Pay) – pays for medical bills occupants of your vehicle incur as the result of an accident. It does not pay for pain and suffering or lost wages. It is usually purchased in limits of 1000 or 5000 per person. It is not required by most states.

Personal Injury Protection (PIP or No Fault) - similar to Med Pay. Not every state has PIP. For the ones that do, PIP usually pays 80% of medical bills related to an accident. It can also pay for lost wages. It does not pay for pain and suffering. If you have Med Pay that will pick up the remaining 20%. Pays for medical bills as they are incurred for parties in your vehicle. In order to pursue a liability claim against someone else - you have to break threshold. In a PIP or No Fault state - this coverage will be required up to a minimum limit.

Bodily Injury Liability (BI) - pays for bodily injury - including death- that you cause to someone else as a result of your negligence. It pays for medical bills, lost wages and pain and suffering. It does not pay for bills as they are incurred. Once you are done treating - the insurance company gathers up your medical bills/records and makes offer. Once settlement is reached - you and your spouse if married - sign a release in exchange for the money. Most states require this coverage up to a minimum limit. Although you can purchase more.

Uninsured Motorist Bodily Injury coverage - (UMBI). Similar to BI. However this one steps in if you are injured in an accident by someone who does not have insurance. This coverage steps in to pay you what the other persons BI would have paid - had they had it. This coverage is frequently required as well by your state up to a minimum limit.

Under-insured Motorist Bodily Injury coverage - (UIBI) - this coverage pays when someone else causes an accident. They have insurance but your injuries exceed their BI limits. Once the other company pays their BI limits - your UIBI is triggered. This coverage is not required by the state - but is a very good one to have.

Answer 2

There are lots of people having the same question like you and yours is just another one. Basically speaking about car insurance. Car insurance is the most widely purchased type of insurance coverage. Car insurance is designed to protect you, your family, and your automobile. You may get your query answered here,

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Cheap car insurance is a popular avenue these days, but you should be sure that you're getting all of the coverage you need, as damage to your car or another person's car may cost you money out-of-pocket if you don't have sufficient coverage and your car insurance rate may go up.

Answer 3

Nicely said MSAD

Answer 4

It's usually under the coverage for personal injury.

Answer 5

Medical Payments to Others or Medical Expense.

Answer 6

Depends on the state you are in.  Some policies will cover it per policy language like medical expense or medical payment coverage.  However, you may be in a no fault state and it will be called whatever your state legislature called it when they wrote the law.  

Answer 7

Medical Payments Coverage or Personal Injury Protection.  It depends on what state you're in what the coverage is called, though it'll be one of these.