Medical Car Insurance
Medical car insurance is part of an auto insurance rather than general medical insurance. Such insurance provides personal injury protection coverage in any motor vehicles accidents. This coverage may be sold independently as personal injury cover, or personal injury policy, or form part of any auto insurance policy as bodily injury liability. Definition of an injury is different for the purposes of any personal injury car insurance products. In medical terms, and for the purposes of medical insurances, the word injury would be confined to physical injury. Unlike this, medical cover under automobile insurance policy may include many other types of financial losses such as any wages that are lost due to injury, and other damages that the insured incurs because of the injury.
Funeral expenses are even covered. This is the reason Personal injury protection is a crucial part of any auto insurance. It is also classified as a no-fault component. This is because insurance company offering the automobile insurance policy with such cover is obliged to pay the claims for such injury, whether or not the person who is injured was or is responsible for the automobile accident. Normally, claims for all injuries are paid by insurance company of the driver responsible for the automobile accident. But the insurance company of such driver may take time to confirm the claim. Injuries, however, cannot wait without treatment for that long. This is the reason many States in the US have laws that make Personal injury protection cover under an automobile insurance a mandatory requirement.
Under normal circumstances, insurance companies tend to hike the premiums for a vehicle, if the vehicle has been in an accident in specified immediately preceding period. However, insurance companies cannot use the claims under this clause to increase the premiums of any auto insurance at the time of renewal. Personal injury protection and auto medical payments are two different aspects of auto insurance. Auto medical payments are exclusively confined to medical injuries, whereas personal injury protection covers other types of financial losses due to injuries. Effectively, personal injury protection is a more comprehensive cover. Any such insurance, however, is limited to the extent of cover that the insured has purchased.
Medical Car Insurance coverage payment and the cost of necessary medical care a policy owner receive as a result of an auto or car accident and can be used even regardless of who is at fault. Medical Car Insurance often is commonly limited to medical treatment received within the 1st three years after an accident and is also limited to a specific dollar amount. In some areas or states, Medical Car Insurance only applies after other medical insurance is used exhausted. A customer must always refer to their policy for details.
Key Benefits, it has comprehensive cover and pure benefit policy giving and offering lump-sum amount equivalent to sum insured just on 1st diagnosis or undergoing of any of 9 Major Medical Illnesses and Procedures, also with Accidental Death /Permanent Total Disablement due to accident. No health check-up needed or required for policy issuance. It has also no survival period. Benefit paid immediately on 1st diagnosis of the covered Major Medical Illnesses and Procedure. Sum insured and policy duration between 1 year, 3 years or even 5 years. Avail of tax benefit under rule and section 80D of Income Tax Act on the premium. It is applicable for Major Medical Illnesses and Procedures cover. Only a medical declaration form and proposal form needs to be filled for policy issuance. Claim settled within 21 days of receipt of all needed and required documents.
An insurance company shall not be liable under this policy for: Pre-Existing illness, Absence of completion and submission of Doctor's medical certificate confirming the 1st, diagnosis or undergoing of Illness or Injury or undergoing of medical or surgical, procedure, Any congenital illness or critical condition. Any medical procedure or medical treatment, which is not necessary or not performed by a Doctor. Birth control treatment or procedures and hormone replacement therapy. Make sure and look for Personal Injury Car Insurance, motor vehicle accidents, personal injury protection coverage and bodily injury liability.