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What to Know About McKinney Personal Injury Protection Coverage

There are certain things that everyone should know about personal injury protection coverage or PIP. Personal injury protection is a form of insurance that pays out to a policyholder if they are involved in a truck wreck and suffer medical damages or lost wages. Crucially, PIP coverage compensates a policyholder regardless of who was at fault in an accident.

A significant benefit of personal injury protection is that it is relatively easy compensation to recover. The injured person typically does not even need a lawyer to collect most of their PIP most of the time. Occasionally, the insurance company will balk its payment under the PIP policy. When that happens, they expose themselves to bad faith litigation and litigation under their insurance code, which could be very painful for them. A seasoned truck accident lawyer could inform you about what to know about McKinney personal injury protection coverage.

Personal Injury Protections and Med Pay

State law mandates that if an insurance company sells insurance to a customer, the customer must receive personal injury protection coverage unless they actively elect not to receive it.

There is a difference between PIP and Med Pay. Med Pay is a lesser form of PIP coverage that allows the insurance company of the injured person to subrogate or take part in the recovery the injured party makes against the person or company that harmed them. PIP does not allow this subrogation. Many insurance companies want customers to purchase Med Pay rather than PIP. Med Pay is good for the insurance company in that it lessens their necessary payout, but it may be bad for the injured person, in that Med Pay could reduce their total compensation.

Amount of Personal Injury Protection Coverage

The state mandatory minimum for PIP coverage in Texas is $2,500. That is not much money, and many people choose to buy more than the minimum PIP. It is common to see $5,000 and $10,000 PIP policies in Texas. Generally, a policyholder should obtain as much PIP coverage as their state allows. In other states, PIP policies could be huge. In New Jersey, for instance, there was recently a case that paid out a million dollar PIP policy. Collecting PIP in those states is different than collecting in Texas.

Other factors apply, but PIP could be a significant source of recovery if offered by an insurance company in large amounts. Even when PIP coverage is offered in smaller amounts, a policyholder may be able to seek reimbursement quickly. The advantage of PIP is that it could provide the claimant with money in the immediate aftermath of a wreck, while they may still be trying to grasp the severity of their injuries. For more information about what to know about McKinney personal injury protection coverage, contact a skilled attorney.

How an Attorney Could Help

If you are purchasing an insurance policy, be sure to examine the relevant personal injury protection coverage so that you know where you stand in the event of an unforeseen accident. If personal injury protection coverage is insufficient to cover the costs of your damages, consider reaching out to a lawyer to pursue further compensation. An attorney could inform you about what to know about McKinney personal injury protection and how you could recover compensation. Call today.

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The McCraw Law Group
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Zane Allen
Zane Allen
04:39 18 Dec 19
I was in an accident in March and had injuries resulting from the crash. Obviously my first call was to a doctor to get... checked out but was told I was going to need physical therapy. My second call was to the McCraw Law Group. They took care of all of the grunt work so that all I had to focus on was getting better. They were very communicative about the process, and better yet, they were incredibly responsive to any emails, calls, and questions. I was very appreciative and thankful for all of their hard work. They are a great group of people to work with when you’re needing the help.read more
Elisa Dean
Elisa Dean
15:38 16 Dec 19
I recommend The Mccraw Law Group to anyone who is hurt in an accident.My experience has been wonderful. They do the... best they can to get the most from the insurance company. My communications have been with Vanessa, Suzanne and Jason.Jason is very special to me. He understood my needs and was very caring and the sweetest attorney I have ever met. He was honest and did everything he could to bring my case to a conclusion.Vanessa and Suzanne are very sweet and are there to help every step of the way.read more
Fernando Salas
Fernando Salas
19:07 10 Dec 19
First time needing a lawyer. Everything went extremely smooth and quick. Mr. McCraw went to my house after my car wreck... and I knew at that point that I was in good hands. Everyone who works there are so nice and will answer any questions or concerns you have. Thank you guys for all of your help.read more
Adelyn Braswell
Adelyn Braswell
17:02 10 Dec 19
When me and my family recently got hit by a drunk driver. They helped us with everything we needed. We had so many... questions and didn’t hesitate to answer. It was our first time with any lawyer so they made everything so easy for us, and got it all done so quick. They did everything in their power to get us all the money we deserved. They were all so friendly and I would recommend them to anyone.read more
Courtney Brooks
Courtney Brooks
16:12 12 Sep 19
I had a wonderful experience from beginning to end with the McCraw Law Group. My case was accepted and I was kept up to... date on how it was proceeding, and when it came to a settlement, we got more than expected. Everyone was very kind, the court proceedings went smoothly and I was extremely satisfied. I will definitely use them again if anything else arises.read more
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