Brigham Cluff: What’s Medpay?
Derek Wilcock: Medpay is quick and easy insurance. If you’re injured, or anyone in your vehicle’s injured in an accident, whether it’s your fault or not; for an example, if you’re driving down the road and you rear-end somebody. It’s your fault. There’s a couple of kids in the car, and they get injured, minor injuries. Maybe one has to go get a stitch, something, or what have you. Medpay pays fairly quick and they’ll pay for any medical expenses.
Now, let’s say that you’re hit by someone. Say you go to the hospital. Same situation. It’s not your fault. Medpay will still pay for the injuries done.
Brigham Cluff: How much does Medpay cost?
Derek Wilcock: Over the years it’s gone up, which it should, because the cost of treatment, or medical care, has gone up as well. On your policy it’s not that much. You can get coverages of anywhere from a thousand up to … I’ve seen a hundred thousand dollar Medpay policy. It gets expensive the more you get as a percentage-wise. It depends how much coverage you get.
Brigham Cluff: I usually see, like, five thousand dollars of Medpay.
Derek Wilcock: Five thousand is probably, maybe, five percent of your premium; so, at a thousand dollar premium a year, fifty bucks.
Brigham Cluff: Yeah. I can tell you, in my experience handling personal injury claims, Medpay really does make the claims process quite a bit easier.
Derek Wilcock: It gives instant relief, as far as financial relief. Rather than have to go through the processes of getting the money on the other parts of the claim, Medpay’s typically quick and easy.