All about Dollar a Day Insurance for People
The clients in the USA are getting Dollar Day insurance from various companies. It is available to the residents of the United States of America. The original name of Dollar a day car insurance program is the Special Automobile Insurance Policy (SAIP). This type of insurance is only provided to the category of residents who have eligibility for Federal Medicaid along with the hospitalization. It is obvious that the cost of such insurance is $365 for the year and this is the reason why it is known as Dollar a Day Insurance.
You have to carry motor vehicle insurance if you have a motor vehicle in the USA. This insurance is most popular in New Jersey. It is an attempt through the SAIP to avail the customers with the insurance package at a reasonable price who have already provided with the Medicaid. The person first needs to enroll for the Medicaid when going to apply for SAIP insurance and whenever the policy gets renewed. The demonstration to the Medicaid is required to be verified. Moreover, the policy can be cancelled if the buyer is not enrolled in Medicaid. On the other side, the person via this policy can receive only restricted benefits of the insurance. The person can get this policy whose driving license is revoked.
This type of insurance coverage is more affordable as compared to other alternative policies but it also has some type of limitations. First of all, limited medical coverage is available under this. It covers the emergency room treatment after an accident. On the contrary, it does not cover extra medical treatments unless the person has some serious injuries related to the brain as well as the spinal cord. In such cases, there is a medical coverage of $2, 50, 000 available to the buyer and in case of death; this coverage provides a benefit of $10, 000 to the person.
On the other side, if the person does not have any major issues regarding the brain as well as the spinal cord, then the normal visit of the doctor and therapies related to physique will not likely to be a part of the Dollar a day Car insurance as it will cover any normal ongoing treatments. In such exceptional situations, the person can take medical treatment with the help of special Medicaid coverage.
The non-availability of liability is another vital limitation that is not covered under this category of insurance. It refers to the situations when the driver injures another person, then not a penny is availed to the driver on behalf of the policy buyer. The driver is solely responsible for the accident in which other person is injured and the buyer needs to pay the amount personally for the damage caused by him.
It does not include collision coverage. If the car of the buyer is damaged in a collision, then the insurance company provides no cost of repair. Moreover, no payment will be made to other vehicles on behalf of the buyer. So, if you or your family gets involved in an accident, then contact the insurance company.