Personal Injury Protection (October 26th, 2011)

Every automobile insurance policy issued in Maryland must include an option to include Personal Injury Protection (PIP). This coverage will reimburse you for lost wages, medical bills, and other expenses that result from an automobile accident—even if the accident was your fault. There’s a catch, however, and that is you can waive PIP. We suggest you don’t because the premium cost is relatively low compared with the potential benefits you can receive. While the premiums may be a few hundred dollars, you can receive up to $2,500 in benefits if you have the coverage. Depending on the insurance company, you may be able to obtain PIP benefits of up to $5,000 or $10,000.

Why have PIP? Like all insurance, you may consider it a waste of money if you never need it. But when you’re in an accident, you will enjoy the benefits of up to $2,500 or more for such a small premium. These benefits can be used to pay your lost wages and medicals bills and you will not need to repay them to your insurer even if you use those same expenses in your claim against the responsible party. Maryland has what is called the collateral source rule that prevents any repayment (as compared with your health insurance that may ask to be repaid).

All you have to do is make a claim within twelve months of your accident and you can access your benefits. As your attorneys, we do not charge a fee to handle uncontested PIP claims so let us process your claim so that you can maximize your recovery.