PIP Insurance
How Personal Injury Protection Insurance Works
When you’re injured in an accident your health insurance policy will cover some of your expenses. If your insurance plan has medical payments coverage they’ll cover some of the costs, too.
In both cases, these coverages are concerned only with your medical bills.
PIP coverage steps in to take care of other expenses associated with being injured. For example, it’s the coverage that takes care of lost wages if you can’t work for two weeks after your auto accident. It can cover the babysitter you had to hire while you were in the hospital.
It can also take care of additional medical costs if they’re above what your health insurance and medical payments coverage will take care of. For example, many health policies and medical coverage agreements won’t pay costs associated with being transported via ambulance. PIP coverage would.
Keep in mind this payment can be offset against your uninsured/underinsured claim. For example, you’ve bought an uninsured motorist policy with a $10,000 limit. Your PIP pays out $2500. You won’t get $12,500 total. You’ll get $10,000 total. The first $2500 will come from your PIP policy and the remaining $7,500 will come from your UM/UIM policy.
This type of insurance pays out regardless of who is at-fault for the accident. As PIP coverage is a “no-fault” policy, you can make a claim without making any impact on your liability claims.
That’s because “liability” covers all economic and non-economic damages that the at-fault party has caused. The other driver’s liability policy will be paying for the rest of your damages, not their PIP policy.
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For immediate assistance, please call us at (210) 404-4878.
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