Medical payment coverage (MP) is the most mistaken & ignored coverage but actually provides the most benefits to the insured & his/her family in many ways not known about.
This is very important to have. It pays your doctor bills if you are in an accident even if the accident was your fault. It also pays your doctor bills if you are injured while a passenger in someone else’s car no matter whose fault it is. Not only that, your spouse and children living in your home are covered in any car they are riding as a passenger. It pays if you or your family are hit by a car while riding a bike or even walking across the street! It will pay 100% for any doctors, hospitals or ambulance without you paying any deductible, up to the limits you choose.
You can purchase $1000, $2000, $5000, $10000, $25000, $50000 or even $100000 from some companies like mine. The difference in premiums between $5000 and $50000 medical payment is only $8 a month. That difference goes up t o around $24 if you go from $5000 to $100000. Believe me, you want to buy as much as you can afford & as much as your insurance company is willing to sell. The health care cost is ridiculously high & one night in the emergency room could cost you $17000 easily!
Even if you have health insurance, it is still wise to get medical payment coverage (MP) because high deductibles will cost you a fortune if you don’t have MP. Plus, it is so cheap to buy & it pays out so quickly, regardless of your fault, at the time you need the money the most. Moreover, when it comes to medical attention related to an auto accident, you need to be able to freely & easily access to the best auto-accident doctors without health insurance restriction.
Medical payment also pays for funeral expenses.
Beware: some companies trick you into buying an “excess” Medical Payment for a little less & they sometimes sneak in a $2000 deductible. Avoid the “excess” type of this coverage & don’t get one with a deductible.