In pennsylvania auto insurance laws, the first party benefits portion of the policy is very unique. These coverages not only provide benefits to you and your family but they are very affordable. Increasing these areas of your policy makes good sense if your situation warrants it.
What coverages are “first party benefits” ? In pennsylvania auto insurance the following coverages are first party and fall under the “no fault” provision of the pa auto insurance laws:
- Medical Expense- Required minimun that you must carry is $5,000
- Income Loss/Work Loss- no minimum required
- Funeral benefit- no minimum required
- Accidental Death- no minimum required
These coverages are paid to you and your family regardless of who is determined to be “at fault” in the accident that caused the injuries. This is an opportunity for you to protect your family from unexpected disaster by getting adequate limits of coverages. Naturally, the funeral and accidental death are easy choices and both cost only a couple dollars.
Income loss coverage begins paying you for lost wages after the fifth day that you are unable to work due to an auto related accident. You shouldn’t need a lot of advice here to determine how much coverage you need. This coverage is available up to $100,000 so be sure to get an amount near your current income level. This may be your only paycheck in the event you are unable to work due to injuries sustained in a car accident. This coverage willnormally be under $50 per year.
Medical expense coverage has a required minimum of $5000 and goes up as high as $100,000 that you can purchase. Remember that this coverage provides “first dollar” coverage with no deductibles or co-pays. This coverage will be primary and then your major medical insurance will respond after the auto insurance is used up. If you do not carry major medical insurance you’ll neeed to consider a much higher limit on your pa auto insurance policy.
Consulting with a trusted agent will be you best way to know you’re getting honest, thoughtful advice for your personal situation.