To collect a PIP insurance payout, you’ll need to file a claim with your car insurance company and give them all the details about the car accident as well as your medical costs. PIP, or personal injury protection insurance, can be used to cover your injuries and other costs resulting from the injuries, like lost wages.
How to Collect PIP Insurance
Seek medical attention and keep documentation. Test results, office visits, medical bills, and any doctor’s reports will all be needed to help show your insurer the severity of your injuries and prove that the amount you are requesting for your claim is accurate.
Contact your insurer to file the claim. In doing so, it is best to not make any statements about how you feel. Only stick to the facts – what injuries you have sustained, how much your lost wages equal, how much you’ve spent for childcare, etc.
Cooperate with the insurance adjuster. Your insurance company will assign an adjuster to look into the case and verify the information. By responding promptly and providing them with all the information they request, the process can move smoothly.
Review your settlement offer. Once the adjuster has finished their assessment, you should receive a settlement offer, if your claim was accepted. It can be useful to have an experienced bodily injury lawyer look over the settlement, too, so you can be sure you’re getting what you are entitled to.
If your claim was denied, or you do not believe they have offered you an acceptable settlement, you can file an appeal to have your claim reevaluated. Worst case scenario, you can take legal action if your insurance company is not cooperating with your negotiations.
No-fault insurance works by requiring drivers to use their own coverage to pay for their medical expenses after a car accident, regardless of who was at fault. Most states that use the no-fault insurance system require drivers to carry personal injury protection (PIP) to pay for their medical expenses. As a result, PIP is often referred to as no-fault insurance coverage.… read full answer
Key Things to Know About No-Fault Insurance
No-fault insurance covers medical expenses after a car accident, regardless of fault, as well as funeral costs, lost income due to injuries, childcare expenses, and survivors’ loss.
No-fault insurance does not cover the cost of vehicle repairs.
Personal injury protection (PIP) insurance covers medical expenses, lost wages, and household expenses after a covered driver or their passengers are injured in a car accident. PIP is a versatile type of insurance because it covers both medical bills and indirect costs stemming from injuries sustained in a car accident. PIP stands for personal injury protection, and it can be used after any crash, regardless of who was at-fault.… read full answer
What PIP Insurance Covers
Child care and household expenses
Survivors’ loss for dependents
Named drivers on the policy and their passengers
The exact details of PIP coverage may vary depending on the state and policy. For instance, some states may require you to have a deductible, and other states require specific PIP limits for funeral expenses, rehab expenses, or loss of income.
For more information and to see if PIP is required in your state, check out WalletHub’s complete guide to personal injury protection.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.