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Discussion Starter #1
I hijacked a thread on another forum about car insurance.
I'm gonna rehash it here to get your opinions. I was checking on collector insurance for my car after i found out that my current insurance may value my vette really low in the event of a total loss situation.

while going through all the info I was told by a friend to be careful because my employers insurance doesn't cover injuries due to auto accidents.
He had hit a deer and rolled his truck and was left owing hospital bills. He even showed me where they(employers ins.) required him to pay back the medical bills that his car insurance didn't pay to the tune of $20,000+

Now if I switch to collector insurance and the cap on medical payments is $5000.00 that doesn't provide a lot of confidence for that coverage right?

Oh yeah, i work for a fortune 500 company that uses blue cross blue shield so I was surprised to say the least. Am I the only person that didn't know this info:lookinup:.

J
 

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You bring up a good point. I never paid much attention to the medical portion. Wouldn't your health insurance cover that?
 

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Discussion Starter #3 (Edited)
Right now I'm waiting on more info from blue cross blue shield(my employers medical insurance plan)
but initially they said no, that a lot of their employer based policies don't cover injuries from car accidents.
Note that this is after my human resources dept. stated that that our insurance does cover car accidents.

J
 

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When it comes to the medical, I don't cut corners on insurance. I am in the Army and have coverage that will pretty much take care of me no matter what, but still pay for the extra medical coverage for my regular cars and have done the same for the 73' I am buying.

In all honesty, I would rather take a 20k hit on the car (lose it completely) rather than not be covered (myself, my wife, and anyone else in the other car) and not be able to get the treatment / attention I (we) would need. When you break it down you might be taking a risk for $100 or so bucks a year. Just not worth it.

It is one of those things I never want to use, but sure as hell want it when / if I ever need it.
 

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Discussion Starter #5
I cant agree more. My original intention was to find a good "agreed value" plan for my vette so there wouldn't be an issue in the event of a total loss wreck.

then the issue morphed to where it is now. I love the coverage usaa provides i just didn't want to lose too much money on the vette if it got wrecked.

BUT i will not take the risk of not getting good medical treatment to get an agreed value for the car.

I posted this to get others opinion and to maybe save someone some money\heartache. I was surprised at how little coverage these plans offered for medical.

J
 

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I did some looking around and eventually decided to go with Hagerty for the 73' though. I love USAA (been with them for 16 plus years) and will continue to use them for everything else. They just don't have coverage that covers you if you actually want to drive your older car.

Hagerty's medical coverage is not as high as USAA, but I am comfortable with the level they offer. After talking to them on the phone I am fairly comfortable they will not leave me hanging when I need them. Maybe I will learn the hard way, but from feedback on the forum and talking to friends they seem like the way to go.

But then again, I say that knowing my medical coverage from the military will cover me as well.
 

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Your friend's story makes no sense. I've never heard of a group health plan that excludes auto accidents.

In most cases, medical coverage from the auto policy is primary to individual or group health insurance. Once the auto policy limits are met, your health insurance would then kick in.

If a health provider paid medical bills while there was still auto medical available, the health provider would be due reimbursement for their payments. (This is what I think your friend is talking about.)

Hope this helps clarify any confusion.

:cheers:
 
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