Pip Vs Medical Payments

Both pip and med pay provide.

Pip vs medical payments. Personal injury protection or pip coverage is one coverage that we recommend everyone carry on his or her auto insurance policy. Understanding pip vs med pay jan 14 2020 auto homepage news personal injury protection pip and medical payments med pay are auto coverages that pay regardless of who is at fault in an accident. In arkansas pip is broken up into three coverages and you can buy any or all. Medical expenses charges for ambulance hospital surgical nursing dental medical treatment and x ray services are all usually covered.

While medical payments coverage is strictly intended to cover medical bills pip takes things a step further covering health costs and resulting lost wages for you and your passengers after an accident regardless of fault. Pip may also offer insurance coverage for lost wages other reasonable non medical or work related losses and a death benefit. Pip is available in no fault states. The big differences between pip and medpay are that a medpay is not usually required and b if the other person caused the accident their liability pays for your injuries first.

In other states you must either accept or reject the coverage. While the minimum coverage is usually twenty five hundred dollars 2 500 we suggest that you carry at least 5 10 000 in pip coverage. In some states pip coverage is mandatory. You need to check your policy for the exact benefits included in your pip plan.

However they function differently. Pip benefits vary by specific state laws and policy terms but in general it will cover. This blog post will explain the difference between two important but quite different types of coverage. Medical payments coverage also known as medpay will cover any medical expenses you or your family members incur in an accident regardless of who caused the accident.

Both pip and medpay cover injuries to their driver policyholders and their passengers in the event of an accident. When purchasing insurance it is easy to become confused by the litany of different coverage options that are offered by the insurance company. Medical expenses doctor bills x rays ambulance bills and funeral expenses lost wages and death benefits. Pip insurance pays for an insured s medical and other injury related costs regardless of which driver was at fault.

But there are three main differences between pip and medical payments coverage. Personal injury protection pip helps cover injuries sustained in an auto accident regardless of fault. Med pay in texas written by greg on april 30 2020. Personal injury protection is similar but distinct.