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What is the Importance of Personal Injury Protection (PIP) Insurance?


PIP is typically anywhere between $50 to $100 each year. It is important to consider this as medical bills for serious injuries can be long-term. Would you rather pay for hefty medical bills for years following the accident or pay anywhere between $50 to $100 yearly? The answer is simple. PIP can be extremely beneficial. PIP is oftentimes overlooked as drivers do research on different types of insurance coverage online. PIP can start paying for your medical bills before your medical insurance steps in. Taking advantage of PIP is a no-brainer and can save you thousands of dollars. 

PIP not only covers the driver, but also covers the other passengers in the vehicle, passengers in another vehicle, family members, and pedestrians injured in the accident. PIP works quickly and will pay for 85% of lost wages after the accident. 

Unfortunately, almost half of drivers in the state of Maryland waive their PIP coverage. The majority of drivers believe that using their own insurance company for compensation after an accident is a bad thing. A driver can waive PIP for himself, but cannot waive the insurance for passengers in the vehicle or pedestrians injured in the accident. Drivers are not aware that PIP serves to help alleviate drivers from extensive and long-term medical costs and lost wages. A driver’s auto insurance rates will not go up if they take advantage of PIP in Maryland. 

PIP. In Maryland, the law requires that insurance companies provide no-fault insurance in the minimum amount of 2,500. Your own insurance company will provide this whether you are at fault or not. Insurance companies, eager to get your business will say to waive this PIP. This is a bad deal. On average, PIP can cost $10 a month. If you only use your PIP benefits once, you have utilized 20 years of premium payments. Without PIP, lost wages from your job would only be recoverable at the end of your case. Or you will be faced with having to get a loan at a high-interest rate or some other disability benefit. The smart decision is to always have PIP. For help contact our Maryland personal injury lawyers today.

What Does Personal Injury Protection (PIP) Cover?

PIP not only covers a driver’s hospital fees after a car accident, but it can also cover surgery expenses and therapy expenses. Typically, PIP can also be used to cover death and disability compensation that is usually not found within one’s insurance policy. For example, if you or a loved one passed away during or as a result of a car accident, the PIP policy would cover funeral expenses. Another example of a time in which PIP can financially save someone is that it can also be used to recover any lost wages. 

No matter who is at fault, PIP is available so one can recover any damages or losses from a car accident. Requirements for PIP may vary from state to state. Occasionally, PIP may also provide compensation for someone who may have lost their job or wages due to taking time to recover after the accident.

Difference Between PIP and Bodily Injury Liability in Maryland:

Bodily injury liability insurance is different from PIP in that it can help pay for the other driver’s hospital bills if you caused the accident. Bodily injury is any form of injury as a result of a car accident. Some examples of bodily injuries include whiplash, broken bones, spinal cord injuries, traumatic brain injuries, cuts, and bruises. Personal injury can include all of the injuries above, but it also accounts for emotional or mental harm that occurs after a car accident. Anxiety, post-traumatic stress disorder, depression, and other psychological injuries may arise after a serious car accident. 

If you or a loved one are involved in a car accident, it is important to be aware of the kind of insurance you have and your options for receiving compensation if deserved. Many drivers suffer emotional and physical losses after a serious car accident. It is in your best interest to contact your lawyer to devise a plan for the future and see your options for moving forward with the claims.

What to Expect After a Car Accident:

After a car accident, your medical expenses will start building up quickly. Serious injuries can lead to long-term medical bills that can haunt one for years. Patients who suffer back or neck injuries after a car accident will need to undergo physical therapy for an extended period of time. A lawyer can help assign a value to your claim so you are aware of the expenses to come. Contact our Baltimore personal injury lawyers today. 

What is Excluded from PIP Coverage in Maryland?

PIP will only cover lost wages and medical expenses. It will not cover one’s car repairs and damage the driver caused to one’s property. Another exemption is public transportation like buses or taxis. If you or a loved one are injured in a bus or taxi in Maryland, PIP will not be able to step in because the coverage does not transfer to another vehicle’s insurance company. However, if you carry your own PIP coverage, you may be able to make a claim, but the chances of receiving coverage and compensation are low. It is important to know that insurance companies try to get motorcyclists to waive PIP. 

A driver’s auto insurance rates will not go up if they take advantage of PIP. A driver should not hesitate to file a claim under their personal injury protection coverage. It is important to be aware that other forms of insurance can cause one’s rates to go up. Collision coverage is an example of a policy that can cause one’s car insurance rates to go up. Drivers’ rates can vary depending on who is at fault for the car accident and the total amount of claims made within the past three years. When car shopping and doing research on different forms of car insurance, it is important to take the time to consider what policies are best for you and your family. If you are worried about future expenses in any aspect of life, you should consider PIP as it can alleviate you or a loved one from long-term financial losses. Call our Ocean City personal injury lawyers today.