First and foremost, Personal Injury Protection (AKA PIP) is a must have insurance. While mandatory for Oregon residents with an established $15k minimum, it’s optional for Washington residents, meaning many in Vancouver may not have it, or if they do, know what it’s used for.
PIP is sometimes referred to as “no fault” coverage because PIP is designed to be paid without regards to fault or legal liability. In other words, PIP can be claimed by everyone involved in a car accident including the person who caused it.
Why is PIP a “must have” coverage?
PIP is considered one of the last great values in auto insurance. The monthly premium basically costs the same as you pay for a single latte, but the coverage pays for 100% of your medical bills. Plus, there’s no out-of-pocket expenses unlike regular insurance and no deductibles or expensive co-pays.
PIP covers everything related to car injury. This means it not only covers yourself, but anyone in your car at the time of the car accident and separately. For example, let’s say your PIP covers $35K in protection and you have 2 other passengers in your car during a collision. This means PIP would cover $105K. It would equate to $35K x 3 in the car.
PIP also goes beyond injury compensation. With a note from your doctor, PIP may also cover any lost time from work.
There’s no out-of-pocket expenses, unlike regular health insurance. Costly deductibles, expensive copays and coinsurance do not apply when using PIP.
PIP is not subject to the same health insurance restrictions such as; limited referral network, limited number of visits, and pre-authorization from your primary doctor. It offers you the freedom to seek out the clinic or doctor that you choose.
So make sure that you have PIP coverage, because it’s not a matter of “if” , but more a matter of “when” you will get into a car accident.
If you’d like to learn more about the nuances of PIP insurance and how it affects you, feel free to call or text us at (360) 573-1933. We specialize in auto injury claims that affect your personal injury recovery.