What is personal injury protection insurance?

Personal injury protection (PIP) insurance is a type of no-fault insurance available in the state of Maryland. PIP insurance is a form of car insurance that helps cover medical expenses and lost wages for people injured in automobile accidents, regardless of who is at fault. It is also known as "first-party" benefits because the insured person (the first party) is the one who claims the benefits. PIP insurance covers medical expenses, such as doctor visits and prescriptions, as well as lost wages if the person is unable to work due to the accident. It also covers funeral and burial expenses if a person is killed in an accident. This insurance pays for medical expenses up to the limits of the policy, regardless of who was at fault for the accident. This is why it is considered a no-fault insurance—it pays regardless of who was at fault. PIP insurance is legally required in the state of Maryland. It is mandatory for all registered vehicles to have a minimum of $2,500 of PIP coverage in order to operate on the roads. This insurance can also be purchased in higher amounts for additional protection if a person wishes to do so. PIP insurance is an important type of insurance for protecting individuals in the event of an automobile accident, as it can help cover medical and lost wages expenses. It is a no-fault insurance, which helps ensure those injured will receive benefits regardless of who was at fault. It is also mandatory for all registered vehicles in the state of Maryland.

Related FAQs

What is an insurance broker?
What is the difference between an insurance policy and an insurance contract?
How do I file a lawsuit against an insurance company?
What rights do insurance policyholders have?
What are the different types of insurance policies?
What is the process for appealing an insurance claim denial?
How do I dispute an insurance claim denial?
What is the difference between an insurance policy and a bond?
What are the risks of self-insuring?
How do I file a complaint against my insurance company?

What is personal injury protection insurance?

Related FAQs

Related Blog Posts