The Car Accident Lawyers at the Perazzo Law Firm Explain MEDPAY motor vehicle accident insurance and how it works after suffering injuries after a collision either as a driver or passenger.
Understanding Med Pay: A Valuable Addition to Your Insurance
Med Pay stands out as an optional but invaluable supplement to the mandatory Personal Injury Protection (PIP) and Property Damage insurance (PD) in Florida. According to the Miami car accident lawyers at the Perazzo Law Firm, it’s a crucial addition for motorists relying solely on the mandatory coverage.
So, what exactly is Med Pay and how does it assist those injured in motor vehicle accidents?
Med Pay offers 100% coverage of the accident victim’s medical expenses up to the coverage limit, determined by the amount purchased from the insurance provider. For instance, with a $5,000 Med Pay coverage, the insured receives $15,000 ($10,000 from PIP and $5,000 from Med Pay) to handle medical expenses resulting from a motor vehicle accident.
This coverage extends to the policyholder and any passengers injured, regardless of fault. However, it doesn’t include other losses like property damage or lost wages. Essentially, Med Pay exclusively covers medical bills stemming from motor vehicle-related injuries.
It’s particularly beneficial for those lacking health insurance. Conversely, individuals with health insurance might not require Med Pay, as their existing coverage likely handles medical expenses resulting from accidents.
Compared to PIP and PD coverage, Med Pay is a more economical option. Yet, it comes with a caveat: if the accident victim receives compensation from the negligent party, the insurance provider may require reimbursement for medical expenses. This differs from PIP, which doesn’t demand payback for medical expenses or losses. While this distinction places PIP in a slightly more advantageous position, Med Pay remains highly beneficial for uninsured motorists or passengers.
Insurance costs vary based on numerous factors. In Florida, the minimum coverage for a motor vehicle, including PIP and PD, can range from $150 to $400 monthly, calculated annually. Med Pay coverage, on the other hand, ranges from $1.50 to $40 monthly, depending on the coverage limit per incident. The minimum coverage available is $1,000, while the maximum stands at $25,000.
Med Pay will cover the following medical expenses:
- Ambulance Fees
- Hospital Treatment
- Healthcare professional services fees
- X-rays
- MRI’s
- C-Scans
- Surgery
- Rehabilitation
- Nursing Services
- Dental Assistance and/or surgery
- Funeral Expenses
If you, a friend, or relative has been injured in an accident involving a motor vehicle, in Miami, the Perazzo Law Firm recommends contacting our Miami or North Miami Beach offices ONLINE for a FREE initial consultation.
The Perazzo Law Firm provides ZERO-OUT-OF-POCKET costs to its Personal Injury clients. We don’t get paid unless you Do!
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The Perazzo Law Firm is a dedicated car accident lawyer serving individuals and families who have suffered injury due to the negligence of others. With a deep understanding of the emotional toll accidents can take, our firm, a reputable Miami car accident lawyer, is committed to helping those in need.
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If you, a friend, or a relative were involved in a car accident and suffered injuries or losses, contact the Perazzo Law Firm ONLINE for a FREE initial consultation and ZERO OUT-OF-POCKET FEES to clients.
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