In the aftermath of an auto accident, a critical yet often overlooked aspect emerges— “First Party” auto insurance. As icy roads in Alaska pose unique challenges, understanding this insurance coverage becomes paramount. While it may not be at the forefront of everyone’s mind, comprehending the power of “First Party” auto insurance, especially in a state where road conditions contribute to accidents, can make a substantial difference.
Not surprisingly, Alaska has one of the highest rates of road crashes in the United States, emphasizing the need for a comprehensive understanding of auto insurance options. In this blog, we share a Q&A with Auto Accident Attorney, Mike Wirschem. Understanding your auto accident coverage, and choosing the right plan, has the potential to save you money and streamline your recovery journey after an accident.
Q: What is “Third Party” auto insurance?
A: “Third Party” auto insurance refers to the at-fault driver’s auto liability insurance. This coverage comes into play when the responsible party is held accountable for the accident.
Q: What is “First Party” auto insurance?
A: “First Party” auto insurance pertains to your own auto insurance coverages. It serves as a safety net for your expenses in the event of an accident, regardless of fault.
Q: Doesn’t the at fault driver’s Third Party Auto Liability Insurance pay for the victim’s injury-related medical bills?
A: While Third Party insurance may cover medical bills in a final settlement, it almost never pays for medical treatment that is still in progress.
Q: What is “Medical Payments” coverage?
A: “Medical Payments” coverage, also known as MedPay, is an option available for purchase on First Party auto insurance. It is a no-fault coverage with no co-pay or deductible, covering medical treatment for the victim’s injuries from the time of the accident until a final settlement is reached with the Third Party insurance.
Q: Should the victim’s health insurance be billed for his or her injury-related medical expenses caused by the at-fault driver?
A: In some circumstances, yes; in others, no. The answer often hinges on the availability of MedPay coverage. MedPay is designed to cover medical expenses during the gap between the accident and the final settlement, providing a valuable resource for ongoing treatment.
Q: If I am injured in an accident caused by another driver and I am unsure about how insurance claims work, should I consult with an attorney?
A: In many cases, yes. Seeking an initial consultation with an attorney is often advisable, and many attorneys offer this service for free. Navigating insurance claims can be complex, and legal guidance ensures that you understand your rights and options.
Auto accidents bring forth a myriad of challenges, and understanding the nuances of insurance claims and medical treatment is vital for a smoother recovery. Consulting with an experienced auto accident attorney can provide clarity and help you navigate the complexities of the process.
If you’re interested in learning more about your auto insurance options or have questions about how to navigate the complexities of car-related injuries and medical claims, we highly recommend reaching out to Mike Wirschem a trusted attorney who specializes in auto accidents.