McKinney Personal Injury Protection Coverage

Personal injury protection coverage is a form of insurance that individuals could buy for their own vehicle. While a person is statutorily required to have a minimum of $2,500 PIP in Texas, it is recommended that they buy more. If a driver decides to reject PIP, they are required to sign off saying that they do not wish to be covered. Insurance companies may attempt to sell Med Pro medical protection in lieu of PIP.Try watching this video on www.youtube.com, or enable JavaScript if it is disabled in your browser. Medical protection is subject to subrogation, which makes it subject to be paid back if they have a claim against a third party.

Any amount that a person pays in Med Pro could reduce what they get from the third-party since the amount rewarded by the medical protection policy is typically paid back to the injured party’s carrier from at fault carrier. This may reduce the injured party’s net recovery. Since PIP is not subject to subrogation, it does not have to be paid back to the insurance company. McKinney personal injury protection coverage is one of the many policies that lawyers attempt to coordinate with when evaluating a personal injury claim. It is important to know that PIP benefits usually do not reduce the injured party’s net recovery.