Rosie was ill and her mother took her to the doctors. Luckily, she paid her premium for their health insurance. She had a group plan from her employer that helped bring her copay down to a manageable $35 for each office visit.
On the way home during a blizzard, a delivery truck splashed her windshield, which obscured her vision. She swerved her car towards her neighbor's house.
When she hit her neighbor's porch, she caused property damage. It was paid for by her automobile insurance policy, liability portion. The damage to her car was paid by the collision option on her auto insurance policy. She had $500 deductible on both her collision and liability. Which, she paid before the insurance could help pay for the accident that Suzie caused. The $500 was an out-of-pocket expense.
During the collision, the snow from the storm damaged the roof of her house. The home owner's insurance was able to pay for the damage to Suzie's house, because of the storm. She had paid her deductible of $250 when her insurance could pay the other $4300 afterwards. So, Suzie had to pay extra for the rider that would recover the cost of her antique vase from the storm.
After the accident, the police and ambulance came to bring them to the hospital. Her insurance policy was able to pay for her visit and care, because of MedPay in her policy. It paid for anyone in the car who was injured in the accident.
What would have happened to me if you would have died during the accident?
I have a $500,000 term life insurance policy in case of my death. This Insurance Settlement will help pay for my burial and provide money for your college.