What is medical payments coverage?
The Bankrate.com financial term of the day is: "medical payments coverage."
Medical payments coverage is a form of auto insurance that takes care of accident-related medical expenses for you and any passengers in your car, regardless of who was at fault in the crash. The coverage is mandatory in some states and often pays expenses not covered by health insurance. It may, for example, pay all or part of your health plan deductible, or for dental or other services your health plan won't cover.
Medical payments coverage is a part of an auto insurance policy that can help protect your wallet from big medical bills after a crash.
To get a quote on a new insurance plan, visit the Insurance section at Bankrate.com.