Choosing the right type of auto insurance for your car requires considering a number of options. Today's car owner will need to meet specific government-required types of car insurance, varying state by state. However, you also likely need to invest in additional plans that can help to reduce some of the risk you face. Remember, the law requires you to carry insurance to cover the other person involved in an accident that you cause. These minimum requirements do not protect you, your property or your finances. However, other plans can.
One specific type of auto insurance to consider is medical payments. It is often called personal injury protection. Should you invest in it?
What Does Medical Payments Insurance Cover?
This is a type of additional coverage and is often an added benefit to car insurance plans because it extends your level of financial protection. Here's how it works.
- You are involved in a car accident in which you are at fault.
- This plan helps to pay for necessary medical care for you, as the driver, in this type of accident.
- It can also pay for the medical needs of passengers in your car.
Accidents, even small fender benders, can lead to costly medical bills. It is up to you to choose whether you want to protect against these risks with an auto insurance plan like medical payments.
When Should You Invest in Medical Payments?
Many people do not need this type of protection because they have high-quality health insurance. In many cases, this offers enough coverage to protect you, as the driver, from medical costs. However, if your policy is otherwise low in terms of coverage and there is a risk that passenger medical bills will be higher than that coverage, it's wise to have medical payments in place.
Anyone that does not have health insurance should have medical payments in place. Otherwise, a single accident can lead to very costly losses.
If you are not sure if medical payments coverage is right for you, consider talking to an independent insurance agent about your options. In many situations, you'll find that this is a low costing addition to your auto insurance plan that can help to extend your coverage and reduce your risk, making it worthwhile.
Do you have the right coverage options? Call Auto Insurers of Virginia at (800) 909-8103 for more information on Midlothian auto insurance.