Medical Payment Coverage: Protection For Your Guests

Medical Payment Coverage

Medical payment coverage, commonly referred to as “Med Pay,” is one of the six main coverages included in your standard homeowners insurance. It is the coverage that is designed specifically to cover the cost of medical expenses for any injuries your guests sustained while they are visiting your home. 

Med Pay coverage is also a standard part of other home and property insurance policies such as condo and renters insurance. 

How does Med Pay work?

Med Pay is also commonly known as a “no-fault coverage” which means the benefits will apply regardless whether the homeowner was responsible for the injury. 

The great thing about this coverage is that it is designed with only one purpose in mind: help to pay for your guest's medical expenses right away. 

Key distinctive benefits of Med Pay that are different than liability insurance

  • There is no deductible. 
  • Does not require determination of responsibility. 
  • Will make payout right away.

How do you apply for the benefit?

In the event that your guest was injured on your property, call your insurance agent and file a claim right away. With that claim number, your guest is able to seek medical help and use Med Pay within its coverage limit as payment. 

Med Pay can also be used as a reimbursement tool for your guest, such as to pay for deductibles of the individual medical insurance that your guest may have. It is especially helpful if your guest has a high deductible insurance.

How much coverage does Med Pay provide?

Standard homeowners, condo or renters insurance policy typically includes this coverage with a default limit of $1,000.

Some insurance companies offer coverage options up to $10,000 that you can purchase at an additional premium. The coverage limit options offered usually are $2,500, $5,000, $7,500, and $10,000.

How much does Med Pay cost?

With $1,000 Med Pay coverage included in your standard property policy, you will only need to pay a premium when you choose to increase your coverage limit. 

The average cost to buy up to $10,000 coverage limit is usually less than $20 a year. As the additional premium is fairly inexpensive, it is highly recommended to choose a higher Med Pay coverage limit to account for the high medical expenses in our area.

What are excluded in Med Pay coverage?

Common exclusions of Med Pay are:

  • Liability involving automobile accidents or any sort of racing or speed contest.
  • Does not cover injuries relating to getting into or out of a vehicle.
  • Intentional injuries by you or family members who live in the home.
  • Injuries or damages sustained by you or family members who live in the home.
  • Business activities relating to your profession.