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What Is Medical Payments Coverage? | Auto Insurance Explained | Champlain Valley Law - YouTube
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hey everyone it's drew from champlain
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valley law
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in today's video we'll answer the
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question
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what is medical payments coverage we'll
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talk about what it covers
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how it's different from other kinds of
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insurance and what to watch out for
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medical payments coverage is a type of
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insurance
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that you can add on to your existing
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auto insurance policy
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medical payments is sometimes called
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medpay
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medpay will cover medical expenses after
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you've been involved in a car crash
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this includes ambulance rides doctor's
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visits
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medications and therapies if you have
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med pay coverage
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the insurance company will pay these
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medical expenses
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for everyone involved regardless of
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fault
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and they'll pay up to the limit of
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coverage which is usually around five
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thousand dollars
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insurance companies like medpay because
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it takes care of expenses
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associated with minor injuries from car
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crashes
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it also has the effect of reducing the
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number of lawsuits and claims
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which save the insurance companies money
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many folks
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suffer minor injuries in a car wreck
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they take an ambulance
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to the emergency room where they're
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often treated and released
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without medical payments coverage if
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these folks don't have health insurance
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to cover their bills
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the only way to get their medical
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expenses paid
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is by bringing a lawsuit or personal
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injury claim
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and insurance companies don't like these
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claims
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so medical payments coverage is a way
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for them to reduce their payouts
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even when their own driver is at fault
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but let's not overlook the
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fact that many personal injury lawsuits
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and claims
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are time-consuming and difficult to
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prove
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medical payments coverage is helpful for
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people who have minor injuries
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but don't want to go into debt from
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medical care
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medpay covers the driver and passengers
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in a crash
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it will also cover you and your family
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members if your passenger is in someone
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else's car
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medpay will also cover you if you're a
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pedestrian who's hit by a car
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new york drivers have the benefit of no
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fault
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or personal injury protection coverage
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pip for short
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no fault is much more comprehensive than
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med pay no fault will cover your lost
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income for a period of time after the
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crash
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and the total benefit is at least fifty
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thousand dollars
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on the other hand the state of new york
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does regulate no fault
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and so there are a lot of forms and
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procedures involved
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medpay tends to be simpler and less
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expensive
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but it only provides a fraction of the
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coverage that no fault does
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there are also important differences
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between medical payments
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coverage and liability coverage
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again med pay only covers the exact
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amount needed
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to pay for medical care whereas
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liability
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or bodily injury coverage is meant to
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include
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all of the harms and losses that are
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caused by the crash
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this includes emotional distress and
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other damages
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that are very real but just don't exist
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on paper
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and like we said medical payments
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coverage
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doesn't include lost wages or future
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lost income
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now if you accept and use the medical
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payments coverage
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through your auto policy instead of
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health insurance
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you will have to pay back your auto
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insurance policy
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for the amount of the med pay that you
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used
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this is different from other kinds of
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health insurance because generally
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the law limits a health insurance
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company's ability
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to take money out of your personal
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injury settlement
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so your takeaways from today's video are
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these
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number one medical payments coverage or
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med pay
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is a type of auto insurance that you can
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buy to cover you
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in the event of a car crash number two
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if it's available it'll pay for certain
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medical expenses
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up to a low limit usually around five
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thousand dollars or so
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regardless of who is at fault for the
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crash
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and number three medpay is simpler
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but less complete than liability
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insurance or no fault
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and med pay is just that no coverage
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for lost income or other kinds of harms
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and losses
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and finally point four if you do use
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medical payments coverage
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and you have a personal injury claim or
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lawsuit
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you'll have to pay back the med pay when
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you settle your personal injury claim
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so that's it for today's video we hope
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you found it helpful
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if you did please click the like button
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and consider subscribing to our channel
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and if there's something you'd like to
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comments section below
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thanks for watching we'll see you next
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