Maryland law requires personal injury protection coverage as part of your insurance. Read on to learn more about this type of insurance and what it means for you and your medical costs.
What is Personal Injury Protection Insurance?
Personal injury protection insurance, often abbreviated as PIP, is a type of no-fault auto insurance that insures you and others against injury in case of a collision. Maryland auto insurance PIP applies to a variety of costs that you can incur in a collision, but focuses primarily on healthcare costs, such as medical bills and compensation for lost wages.
Personal injury protection has a much broader application than other forms of auto insurance. If a car wreck occurs, it will often cover all those involved. This means that you, those riding with you, and other drives can all benefit from a successful claim. Ask a personal injury lawyer for more details if you have further questions about fault and liability in a wreck.
What Does “No-Fault” Insurance Mean?
“No-fault” insurance is not affected by who is responsible for the auto accident. This type of coverage is particularly broad, because it covers out-of-pocket expenses no matter who caused the crash. PIP is designed this way to insure that victims received fast coverage when they need it most without waiting on reports and extensive claims processing. Both innocent victims and drivers at fault are covered by PIP.
What Does Personal Injury Protection Cover?
According to Maryland PIP statute, PIP insurance needs to offer coverage for medical, hospital, and disability costs, up to $2,500 for “all reasonable expenses arising out of an accident.” This refers to injuries that have clearly been caused by the auto accident and have not been faked, incurred beforehand, or have any other type of questionable origin.
Keep in mind that $2,500 is the Maryland PIP statute, not the limit. If you apply for auto insurance, you may be able to pick a policy that offers to cover more costs. You should also remember that this will raise your premiums as well, but more coverage may be available if you want it.
How Much PIP Insurance is Required?
Again, full PIP coverage offers its benefits to you, all your family members, and all people riding in your vehicle. However, Maryland also allows you to choose limited PIP coverage, which will cost less, but restricts coverage to only you and any family members who are over the age of 16. When considering insurance options, you can pick the option that applies most to your situation. Single drivers or those without children may prefer the savings that come with the limited coverage.
Does PIP Take the Place of Other Types of Insurance?
The full PIP option is useful if you are relying on auto insurance to cover most of the expenses that are connected to a wreck. But remember that if you already have extensive health insurance that covers a number of injuries, therapy, and hospital stays, the option of full coverage may not be necessary. You should tailor your auto insurance plan based on what other types of insurance you already have and what types of injuries they cover. Do not pay extra for insurance when you are covered from another source! Ask an attorney for advice if you have any questions about your coverage.
If you’ve been hurt in a car accident in Maryland and you have questions about personal injury protection or would like to speak with an attorney, contact the Law Offices of G. Randolph Rice, Jr., LLC, at 410-288-2900 or email the office for immediate legal help.