It’s happened again. It happened yesterday afternoon while reviewing a prospective customer’s current auto insurance, which she had purchased through a “1-800”-type of insurance company years ago. I noticed her policy was missing a very important coverage that I won’t let my clients do without. It’s called “Medical Payments” or “Med Pay”. I’ve noticed this coverage missing more than a few times during the past year alone, when reviewing prospective client policies here in Franklin, TN.
Quite simply, Med Pay pays for medical (and funeral ) expenses for you and other passengers if injured in an accident while driving/riding in your car. You can choose different limits up to which this coverage will pay (usually $5,000 or more, per person). It pays no matter who’s at fault. Pays for things like doctor fees, hospital charges, X-rays, tests, etc..
Wouldn’t it be nice to know that if you’re driving your friend around town, and have an accident, that your insurance will help pay for their medical expenses, as well as your own? Med Pay is not an expensive part of your policy by any means, so there’s no reason not to have it. Do you have it?
My prospective customer was convinced she had always had this important coverage, and was very upset to learn she hadn’t. Needless to say, she’s switching to Famers and my agency. To me, this is just another example of the extra value and protection you get by having a local insurance agent, not someone in a cubicle 1000 miles away!