PIP stands for Personal Injury Protection. If you are involved in an automobile accident, PIP coverage will provide you and any passengers in your vehicle with coverage for lost wages and reasonable medical bills that were incurred as a result of the accident, regardless of who is at fault. In some states, such as the District of Columbia, PIP coverage will provide additional insurance coverage to pay for funeral expenses, if there was a death as a result of the collision.
However, PIP coverage is neither required nor automatically part of your insurance policy. You must elect to make PIP coverage part of your insurance policy. For instance, in Maryland, the insurance carrier must offer you PIP coverage at the time you purchase your insurance policy and can only be declined by signing a waiver declining this coverage. PIP coverage can provide very important benefits to you if you are in an accident, and provide additional financial security at a time when you are incurring medical expenses and lost wages. We suggest that our clients look at their current insurance coverage and determine if they have this coverage, and if they do not make a determination as to whether they want to have this additional level of security. We offer a free insurance review. If you would like to take advantage of this, please call the office and ask for one of the partners, Ira Sherman, Joe Cammarata or Allan M. Siegel.