Personal injury protection (PIP) is a type of insurance coverage that many Texans decline to purchase without fully understanding what it does. This type of insurance gives policyholders the option to obtain compensation from their own insurance company after an accident. Personal injury protection applies to all passengers in a vehicle, regardless of who is at fault for the crash.
In Texas, insurers are required to offer personal injury protection automatically, but a policyholder can opt-out of the coverage if they do not want to pay for it. However, the cost of personal injury protection may be well-worth its benefits.
How does PIP Work?
Personal injury protection provides compensation for medical bills and other costs associated with car accidents. The amount of coverage provided by personal injury protection plans varies depending on how much a policyholder pays in premiums. Texas law requires that insurers offer a minimum of $2,500 in coverage.
Some costs covered by personal injury protection include the following:
- Medical bills associated with injuries caused by an accident
- Transportation by ambulance
- Physical therapy and other rehabilitation
- Funeral costs
- Lost wages from injury
Importantly, personal injury protection provides options to families who are in financial need but cannot wait for the outcome of a police report or trial. Since personal injury protection is not affected by fault, policyholders can immediately begin using it to preserve their finances after a car accident.
A personal injury protection policy gives someone a financial buffer while the opposite party’s insurer investigates a claim. Notably, injured individuals can use the same medical bills for their personal injury protection claim and their claim with the opposite party’s insurance.
Is an Attorney Needed by Those With PIP?
Personal injury protection only covers the immediate costs associated with a car accident. If a person causes a car accident because of negligent behavior, they should provide compensation to those they harmed. Policies will only pay out as much as a person is covered and do not always adequately meet the needs of a person experiencing hardship after a car accident. So, an attorney will help recover losses that an insurance policy will not cover.
In some cases, individuals may need an attorney to obtain compensation from their personal injury protection policy. Insurance providers are businesses seeking to protect their profits. Many times, they will deny claims that they should pay.. An experienced attorney will be prepared to obtain payment from your personal injury policy while they work towards results in your car accident case.
If you have been injured and are collecting money from your PIP coverage, the personal injury attorneys from Arnold & Itkin are ready to fight for the financial help that you need and deserve. Call us today at (888) 493-1629 for a free consultation!