Making the Most of Your Own Insurance Coverage While Enhancing Your Final Settlement
One thing many people forget when they have been injured in a crash is that their own automobile insurance policy typically has benefits to help with the initial costs which will arise. These benefits include obvious things regarding the car itself – insurance for repairs, rental car, etc… and go all the way up to advanced issues such as protections from being injured by an uninsured motorist.
Medical Payments coverage, however, is a benefit that applies when you are injured while in your vehicle, regardless of issues such as fault. The benefit, in a nutshell, is that bills incurred for care after sustaining injury in your vehicle will be paid – up to the amount of the set contractual limit – from your auto insurer policy. Typically this becomes primary coverage, meaning that this benefit must be exhausted before your health insurance would take over for the remainder of your medical bills which exceed this limit.
We often find that clients do not understand that this benefit is available to them, or why it is important to invoke this coverage. Oftentimes you have to specifically ask your insurer to open up the medical payments claim so that bills can be appropriately processed. This process is something that we at Geisleman & Brown, LLP like to assist our clients with. By being involved in the medical payments claim, we can help our clients obtain the insurance benefit, and allow for smart decision making in terms of which bills to pay, and what ongoing care to apportion the coverage towards.
Because this benefit can help alleviate some of the front end out of pocket medical costs resulting from an accident, it is coverage worth carrying. It is valuable protection, and we recommend that clients make sure they have as much medical payments coverage as they can reasonably afford. It can also impact your net settlement or verdict, which we will discuss next time.