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If you are carrying medical insurance is it necessary or wise to also get medical payments coverage as part of your auto insurance?
Wiki User
∙ 8y ago
It is not required. Please keep in mind medical insurance on an auto policy only pays in the excess of what your work med doesnt pay.
- It is a good idea to have the medical payments on your policy because it will also cover any passengers that are in your vehicle if they don't have health insurance. It will also pay bills right away. You never know if you are going to lose your job or have something else happen. It is good to cover all your basis.
Wiki User
∙ 8y ago
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Are payments made to an insurance company in return for coverage?
yes it is
What is home insurance?
Home Insurance is Insurance coverage for your house, condo or apartment for your personal property and liability coverage for you. The insurance coverage for your house is also called homeowners insurance. The Homeowners isurance is an insurance package that has coverage for the dwelling, the others structures on your property, Loss of Use, Medical Payments and Personal Liability.
What is an unintended consequence of an automobile?
Car payments and insurance coverage, to name two.
Auto Insurance Coverage?
Knowing how much auto insurance coverage is needed can save drivers on auto insurance fees in the long-run. Different states require different coverage amounts in areas such as medical expenses. Most insurance providers will automatically default to amounts at or above these minimums when providing insurance quotes. Whether or not drivers own or make payments on their vehicles also makes a difference on the amount of coverage required. Vehicles owned outright have more insurance options available for their drivers than vehicles still owned by the bank. Drivers can begin with the minimum coverage required and add on to that minimum as they deem necessary.
Does insurance premium mean monthly?
No. The premium is the price you pay for the coverage. Depending on your insurance company, the premium may be paid all at once or in payments.
Can a medical insurance company drop you because of one non payment?
It would depend on the insurance company. Most insurance companies will reinstate your coverage once you are caught up on your premium payments. You would then just have a lapse in coverage for the month you missed.
Does cosigning an auto loan make you responsible for insurance?
Yes, you are responsible If the person you co-signed for is behind in payments and the insurance coverage expires you are responsible to insure the car until it is sold or the person gets the payments caught up and pays the insurance.
Does homeowners insurance cover medical bills for my husband that was hurt while fixing the house?
No. The medical payments to others coverage specifically excludes medical coverage for the named insureds and any houshold members. Health insurance is the only coverage that will cover this type of loss.
If you car is financed and stolen what is the responsibility of the owner with reference to making payments and how is the process handled by the insurance co What if the car is never found?
The insurance company will pay the lender to the policy limits. This payment will only be made if you have theft coverage and not just minimum coverage. I believe you still have to make the payments, although I am not sure.
Do you have to have full coverage for gap to pay?
Yes, you do. GAP coverage covers the difference between the value of the car and the amount owed. That means that you are making payments on the car, which is financed, which requires full coverage, insurance wise.
Do you need full coverage insurance if your car is 5 years old?
Full coverage requirements have nothing to do with the age of the car. If you still make payments on the car then you still have to have full coverage. If you own the car outright, then you do not have to have it.
If your friend takes over your payments while the car remains in your name can he get full coverage insurance and list the lien holder you make payments to?
Your name must be on the Title or Loan in order to get car insurance under your name. Otherwise this is considered Insurance Fraud. It is punishable by the law.
