Should I Drop My PIP Coverage?

Do I need PIP coverage if I have health insurance?

If you already have health insurance, medical payments coverage and the medical coverage portion of PIP may be redundant, says Lynch.

In addition, even if you have health insurance, it may not cover all your expenses related to an accident.

These costs include deductibles, dental treatments and even funeral bills..

Do I need unlimited PIP?

Since 1973, all Michigan drivers have been required to buy potentially unlimited lifetime PIP coverage. Starting July 2, drivers can choose a different amount of PIP coverage offered at different prices.

What is the difference between PIP and bodily injury?

The main difference between bodily injury (BI) insurance and personal injury protection (PIP) insurance is that the latter, PIP, provides coverage for injury to you and others involved in the accident, while BI protects against lawsuits made against you if you are responsible for an accident.

Do I have to pay my medical bills out of my settlement?

Yes, you should pay your medical bills from your settlement. However there are many different circumstances regarding your medical bills to be paid out of your settlement.

What is a PIP demand?

When that happens you are going to bill PIP insurance. … A “demand letter” is a document that serves to announce that you are entitled to more money, and must be sent to the insurance company prior to filing a lawsuit. The letter stands between your receiving PIP benefits and finding an attorney to file a PIP Suit.

Do I have to pay back PIP?

The general rule is that you have to pay back your PIP benefits from the overall settlement or award, unless you can show you were not made whole. … This includes the at-fault driver’s liability insurance, your own UIM insurance, your PIP payments, and any other payments made on behalf of the at-fault party.

What happens when Pip is exhausted?

After that your PIP benefits are exhausted. When a client receives that exhaustion letter, it only means that your insurance company has paid everything that they are required to pay under the PIP statute. This does not mean that you can no longer treat, though.

How much PIP coverage should I have?

We suggest that anyone buying an auto policy should try to secure $10,000 of PIP coverage. This way you know you will at least have the first $10,000 of your medical bills (and possibly lost wages) covered with no questions asked. As always, if you can afford even more PIP coverage, you should buy it.

Does PIP insurance cover pain and suffering?

Many states require PIP, sometimes as part of “no-fault auto insurance” laws. … If you’re able to sue, you can also generally sue for pain and suffering, which you can’t get under a PIP claim. PIP generally covers: Medical expenses from a car accident.