A special car insurance policy (also commonly called a “special automobile insurance policy” (SAIP)) is granted to individuals that are qualified for Federal Medicaid with hospitalization, but that need limited car insurance. There are very good deals on these types of policies, and in most cases, you can get this type of auto insurance coverage for an average of $1 per day. Most people end up paying roughly $365 dollars for the entire year – which actually is a very good deal. This type of policy is very flexible and can give people the proper amount of coverage for the time that they need it. Although it doesn’t provide the most comprehensive car insurance available, it is affordable; affordability makes it appealing to many people that are interested.
Unfortunately, this type of coverage is not available to everyone that qualifies. There are only a limited number of people that are eligible for this type of coverage each year. Since only a limited number of drivers receive eligibility for special car insurance each year, it is important to apply for your policy early so that you have a better chance of getting covered. You can end up saving a lot of money on this type of coverage if you find a reliable SAIP provider. Like any auto insurance company, they will collect information from you to analyze whether you meet the requirements for receiving this type of coverage.
Special Car Insurance (Policy Requirements)
Limited income – You need to have lower than average finances in order to qualify for special car insurance policies. They are not going to accept you for cheap coverage if they know that you can afford it. There are people that genuinely don’t have a lot of money and need to get this type of coverage so that they can have some sort of insurance.
Enrollment in Federal Medicaid – You must be properly enrolled in the United States Federal Medicaid system. Not all Medicaid programs will allow you to receive a special auto insurance policy. You can ask an insurance rep whether you are eligible to receive this coverage. They will be able to check your Medicare identification and let you know.
Hospitalized – Specialized car insurance is really only meant for people that are going to be hospitalized for a period of time. If you are not going to be hospitalized, then you probably are not going to have a chance at getting this type of coverage.
How To Qualify for Special Car Insurance Policies
In order to get this type of policy, you are going to need to speak with a personal auto insurance plan (PAIP) representative to find out more information. They will review all of your Medicare information and then analyze your situation to determine whether you are eligible. If you are eligible, they will let you know when (and if) you will be able to get yourself a policy. Most insurance companies are willing to work with you and the PAIP services team in order to help you get a proper policy. Make sure that you have all of your information ready for when you go to purchase your coverage.
Special Car Insurance Payment Options
If you qualify, you will have the option of paying $365 dollars up front or in a set of multiple installments. You can work things out with your insurer and let them know what will work best for you. There’s nothing to be ashamed of if you need to get a special automobile insurance policy. If you need this type of coverage and qualify, there’s no reason that you should hesitate to get it. If you plan on driving and need insurance (it is illegal to go without it), you will want to check into getting special car insurance coverage.