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.
All it takes is one serious accident to understand why it's important to have umbrella insurance.
Find out the different factors that go into determining the rate you'll pay for life insurance.
Understanding the factors that play a role in a premium could help you save on your auto insurance.
Learn how to navigate the plethora of auto insurance options to get the best rate.
Looking to decrease your auto insurance premium? Top insurance experts share money-saving tips.
Research shows the way you pay bills can be directly related to your happiness.
Need to pay for a big expense? Learn how you can use your home equity to pay for it.
Do you know where your personal information goes once a hacker gets a hold of it?
Do you have enough in savings to pay for an unexpected emergency?
What type of investment edged out cash as America's most preferred long-term investment? Watch to find out.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
Get cost-cutting tips for buying, selling and maintaining your wheels. Delivered monthly.
Tesla is tapping its current owners to act as a sales force by offering them cash and other incentives, including a free Model X, when they refer friends who buy a car.
... Read more