Baltimore Car Accident Lawyers: Six Reasons to Choose PIP Auto Insurance CoverageFebruary 28, 2013
Eliminating Personal Injury Protection (PIP) coverage on your auto insurance policy is a great way to save money — for your insurance company. If you are injured in an auto accident, PIP coverage provides that your own insurance company must pay your medical expenses up to a stated amount. You have a right to waive the coverage by signing a written statement. That might save you a few dollars, but is a bad economic decision.
Here are six good reasons NOT to waive PIP coverage on your auto insurance policy:
- PIP covers you even if you are at fault for an accident. In fact, fault does not even enter the equation when it comes to PIP payments (unless you caused the accident intentionally, which would void your coverage).
- Payments under PIP coverage can begin soon after the accident, without the delays associated with a claim against the other driver.
- PIP does not significantly increase the cost of your policy and filing a PIP claim cannot raise your insurance rates. Section 19-507 of the Maryland Insurance Code prohibits an insurer from imposing a surcharge for a claim made under PIP coverage.
- PIP coverage always applies to passengers of a vehicle, even if the owner waived the coverage. However, if you waive PIP coverage on your own vehicle, you also waive coverage if you are injured as a passenger in another vehicle.
- PIP covers members of your household who do not own a car if they are injured as pedestrians.
- PIP pays for lost wages if you cannot work due to an auto accident injury.