Most insured drivers are unaware of Personal Protection insurance even though many state laws require it be offered to all insured drivers. Personal Injury Protection coverage can be an effective tool in recovering from losses sustained in a car wreck, and help shoulder the burden so there’s one less thing to worry about.
Personal Protection Insurance or PIP: PIP is optional protection provided by your automobile insurance company and provides no fault coverage for bodily injury related losses. The benefit limits are typically between $2,500 up to $10,000. This means if you are in a car accident, your PIP coverage takes care of expenses outside of the actual cost of your automobile and more of medical expenses.
Coverage: PIP will cover 100% of necessary medical, surgical, ambulance, and hospital or funeral services. Most times the insurance company will require medical documentation from your health care providers that determined your injuries were a result of your car accident or the accident in question. PIP is a no-fault insurance coverage, which allows you to file claims even if you were 100% at fault for your car accident. This allows you to collect money so that you may pay for medical expenses and those costs will not come out of your own pocket even for at-fault parties.
PIP will also cover lost wages up to the coverage limit. This coverage also includes a wage for individuals that are stay-at-home parents or working from home. If the accident prevents you from performing normal tasks within the home or less formal career, and you must hire outside help, then PIP may cover those costs as well.
Who can collect PIP and do you need it? Every insured driver in most states can purchase PIP along with his or her regular insurance policy. While PIP is suggested there is the option to opt out. PIP is highly recommended by most attorneys like a personal injury lawyer Arlington TX trusts due to its ability to minimize out of pocket costs to an individual. You can collect PIP yourself, or an attorney can collect it for you. Usually, an attorney will charge a small percentage. Generally, PIP is a good idea for all drivers and can even provide coverage to a passenger.
Thanks to our friends and contributors from the Brandy Austin Law Firm PLLC for their insight into personal injury protection (PIP).