Personal Injury Protection and Medical Payments insurance are both designed to help cover medical costs resulting from a vehicle accident. Med-Pay and PIP insurance coverage in Tampa can both help you cover costs and may even be required in your area. There are some differences, however, and knowing those differences can help you get the right coverage for your needs. In addition to doing your own research online, your insurance company may be able to help you determine which will offer you the better deal and protection.
PIP
PIP insurance coverage in Tampa will help pay the medical bills of the insured driver and passengers, regardless of who was at fault for the accident. This coverage will vary between different states, but can include things such as medical and funeral expenses as well as lost income, household expenses and survivor’s expenses. When you are injured and have PIP coverage, you will file a claim with your insurance company and not have to worry about the other driver’s insurer for medical expenses. This type of insurance may be required in some areas and may be optional in others.
Med-Pay
Med-pay is similar to PIP, but is considered less comprehensive because it mostly only covers medical expenses. This type of coverage is optional in most areas and covers medical expenses for the insured drivers and any passengers or household members. Med-pay can even be used to help increase your coverage when combined with PIP and can act as a way to increase your health insurance coverage after an accident.
Both PIP and Med-pay help you with medical expenses after a car accident. It is a good idea to go over what type of insurance you need and what gaps you have with a broker. This way, you can decide whether it is a good idea to get Med-pay or PIP insurance coverage in Tampa, or even have both to be more completely covered in case of a car accident.
