As of January 2009, in the state of Colorado, insurers are required to offer you medical coverage of at least $5,000. This is an extra coverage on an auto policy that pays for the drivers and passengers medical bills no matter who is at fault. Depending on your carrier, coverage can vary between $5,000 to $50,000 and payments are not subject to your deductible. It is relatively cheap and covers you for long term care, hospitalization, dental treatment, ambulance bills and even your funeral. It protects you or your family if you are riding in another vehicle or even just walking down the side of the road.
This coverage is an addition to your health insurance so if you have adequate health insurance you may want to opt out by signing a rejection form. However, for a low premium this coverage is highly recommended. Medical coverage is primary when involved in an automobile accident so it can even help pay off your health insurance deductible if you have not already matched it. Before rejecting this coverage it is important to look over your own health insurance policy and of course discuss the options with your personal auto insurance agent.
At CO Insurance Specialist we are always willing to review your policy, explain coverage’s and give multiple quotes for different options.
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