Personal Injury Protection PIP Doctor of Chiropractic Dallas
When you are involved in an auto accident, you will face far more damages than just the ones to your vehicle. You may incur massive medical bills, lost wages, and other unforeseen expenditures, which can easily put a severe dent in your savings account or general budget. Personal injury protection (PIP) can assist you in defraying such expenditures and even help shield your family and friends after the accident is covered.
How PIP Works
With standard automobile liability insurance, the insurance policy of the driver who caused the accident pays for the expenses resulting from a covered calamity. PIP is known as a no-fault coverage, which means that no matter who is at fault, a part of the medical costs sustained by the policyholder as well as other individuals who were in his car when the accident occurred may be covered by the insurance policy.
PIP Coverage can Include Medical Costs, Lost Wages and More
PIP coverage may pay up to all of the medical expenses and other costs incurred from a covered vehicle accident, depending on the restrictions of the policy. This may consist of medical treatment suffered by you and medical costs that you might incur if you are injured as a pedestrian or a passenger in another vehicle. In addition, personal injury protection may cover the following:
– Rehabilitation expenses
– Service replacement of an injured person in a covered vehicle calamity
– Funeral expenses
Advantages of Having PIP
Soon after the initial shock of being involved in a car accident, one of the most exasperating issues that you have to face is the amount of time it takes for insurance agencies to verify blame, make all the necessary payments, and if necessitated, file a lawsuit against any reckless or responsible parties. With the personal injury protection coverage, no blame necessitates assessment. If you are involved in a covered accident, medical and lost wages payments are made immediately and you only have to deal with insurance agencies throughout the process.
How PIP is Different from other Medical Payments Coverage Policies
PIP insurance policies are comparable to medical policies, but with a significant difference. Medical coverage pays all the medical expenses on your behalf in the event of the covered vehicle accident, in spite of who is at fault. Dissimilar to PIP, medical policies do not cover added costs like rehabilitation services, lost earnings, funeral expenses and services that you might not be able to perform because of all the injuries that you incurred during the covered accident.
PIP Insurance Coverage is Mandatory in Several States
At this moment, 12 states including New York, Florida, and Massachusetts require some sort of personal injury protection policy. Several states do not require you to have a PIP policy, like Texas, but you do need a signed waiver if you decide not to carry this type of coverage.
You need to remember that different states have different laws pertinent to insurance coverage. Therefore, it is imperative that you first consult a professional, such as a licensed insurance agent or a personal injury lawyer to obtain the best possible advice with reference to the type of coverage that is most suitable for you.