When you are injured in an accident, the last thing you want to worry about is how you are going to pay your medical bills. The best way to do this is to ensure you have UNINSURED MOTORIST and MEDICAL PAYMENTS coverage on your auto insurance policy.
UNINSURED MOTORIST COVERAGE
Uninsured Motorist (UM) protects you when: the at-fault driver does not have insurance or does not have enough insurance to cover your medical bills.
While your insurance company is required to offer UM coverage, GA law does not specifically require UM coverage. With most policies, unless you checked a box saying you did not want UM coverage, there is a good chance you have the minimum coverage amount. Don’t wait until after you are injured to determine if you are covered. Read your policy or call your insurance agent and ask to find out if you have uninsured motorist on your policy.
However, there are 2 types of UM coverage to consider:
1. “Reduced by” or the “traditional/default” coverage:
With traditional coverage, the total amount of your policy is reduced by any insurance policy from the at-fault driver. This is the traditional kind of UM policy. For example, if you have $100,000 in UM coverage and the at-fault has $50,000 in coverage, your UM coverage is reduced by the $50,000 policy limit of the at-fault driver.
2. “Add On” coverage benefits you the most:
Instead of subtracting any amount you received from the at-fault driver, your UM coverage will be added on to the at-fault insurance amount. An add-on policy significantly increases your amount of coverage. Same scenario as above, but you would have $100,000 in addition to the $50,000 from the at-fault driver.
MEDICAL PAYMENTS COVERAGE:
Paying your medical bills is the last thing you should have to worry about after an injury. Medical Payments Coverage (Med Pay) is available to pay co-pays, deductibles, and any costs associated with your treatment. You simply submit your bills and they get paid. Also, in most cases, med pay does not have to be paid back out of a personal injury settlement. Carrying a significant medical payment policy is one of the best things you can do to ensure your medical bills are paid. The cost associated with adding med pay to your policy is nominal to the benefits you will receive if you are seriously injured.
3 KEY TAKE-AWAYS TO ENSURE YOUR MEDICAL BILLS ARE PAID:
1. Purchase a significant amount of UM coverage = for example $100,000.
2. Make sure your UM policy is an “ADD ON” coverage policy
3. Purchase a Medical Payments Policy to cover your medical bills
Have you or someone you know been injured? The Law Office of Nicole L. McArthur offers a free case evaluation. Don’t fight the insurance company alone! Call our office at 404-382-8540 to discuss your personal injury case today.