February 12, 2013 - By Jeffrey Beltz
In Texas, auto insurance is mandatory. Auto insurance by its own nature is designed to protect and to serve the insured and victims in a car accident. Usually though, we only hear about how insurance company has failed those it was designed to protect. There is, however, a provision of most insurance policies that “must” provide for the insured. Personal Injury Protection (PIP) is a standard provision of car insurance policies designed to cover medical expenses, lost wages, and other out of pocket expenses. There are some unique traits of PIP which make it different from standard policy conditions.
- PIP is required with all insurance policies unless the provision is expressly waived by the policy holder. There is usually a minimal cost to have PIP and some policy holders forgo the provision in order to save a few bucks. We do not recommend waiving this extension of your policy.
- PIP is a “no fault” coverage. No fault means that your insurance must pay on the policy regardless of who caused or contributed to the accident.
- PIP is not supposed to effect the policy holder’s insurance rates. Because it is considered a no fault provision, insurance premium’s should not be raised because a claim is made on the policy.
- The minimum amount of coverage required under Texas law is $2,500.00. More coverage can be purchased for an additional cost.
- PIP is paid out like any other claim for personal injury. In other words, the insurance company will pay for only reasonable medical expenses based on the accident and the injuries.
- PIP can be paid at any time in the claims process. You can submit medical bills and records to the insurance company when you receive them and the insurance company will continue to issue payments until the PIP amount has been exhausted.
- In Texas, you are allowed to “double dip” with your PIP coverage. Under Texas law, if you are paid for damages from one source, you cannot use the same to recover from another. No windfall. Unless you are talking about PIP coverage. You can recover for medical bills from your PIP coverage and from the tortfeasor’s insurance policy.
- Lost wages can be recovered under PIP coverage.
- Out of pocket expenses related to the medical treatment of your injuries can be recovered as well.
PIP is a useful and necessary resource for anyone who has been the victim of a car accident. If you do not have it on you policy, pay the extra few dollars and get it on your insurance policy. If you have PIP, call our office to discuss its value to your accident case. As always, your personal injury consultation is free at the Beltz Law Firm. Contact us today by doing the following:
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1) By Phone – 214-321-4105
2) In Person – We are located at 8360 Lyndon B Johnson Freeway, #260 and are available Mon – Friday from 9:00 a.m. – 5:00 p.m.
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