I've previously written about the necessity of having adequate medical coverage on your car insurance. Some states (RI, for one) do not require medical benefits, necessitating litigation in order to recover the costs of medical treatment after an accident.
Since we have moved from RI into PA, we've had to change our car insurance. Among our choices were medical coverage income loss benefits, funeral expense benefits and accidental death benefits. The difference between the minimum coverage for all of these and the maximum was....a whopping $13.00 a Year!
If you choose the minimum medical payments benefits of $5K per accident, basically, you'll be paying for a ride to the hospital via ambulance, a few X-Rays (usually of no benefit) and the ER expenses. You'll have virtually zero benefits left for medical or chiropractic (my recommendation, of course) therapy. Our car insurance carrier offers $100K medical coverage per accident...imagine the care...real care...one could get for that amount. We also decided to max out our income loss benefit and accidental death benefits...all for a total premium of $69.00 a year.
The majority of health care that people under 60-65 years old need is as the result of an accident and most of those are car accidents. In my opinion, I'd rather have an insurance policy that would cover medical care for most accidents rather than be forced to litigate that coverage. Truly, I encourage everyone to check into their car insurance premiums for these benefits. You might just find them the best bang-for-the-buck insurance coverage you can possibly buy.
If anyone is interested in which car insurance company we have, send me an e-mail.
Dr. Esther
drkollars@gmail.com
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