Does every automobile insurance policy include PIP?
No. Each insurer that issues motor vehicle liability insurance policies are mandated by law to offer the opportunity to purchase PIP coverage of at least $2,5000.00 in the state of Maryland. However, many people waive their right to purchase PIP coverage. Does PIP cover lost wages? Yes. In Maryland PIP will pay for 85% of documented income lost, subject to certain limitations. How long do I have to file for PIP benefits? In most cases, an application for PIP benefits must be made within 12 months after the date of the motor vehicle accident. Faiture to file within 12 months will result in a forfeiture of benefits. Do I recommend that each and every person reading this have PIP benefits on their autmobile insurance policy? Yes, if a Maryland resident. PIP amounts vary with different insurance policies offered. The maximum amount of PIP allowed in Maryland is $10,000.00. I think that you would be surprised how little it would cost to increase your PIP benefits or to add PIP to your polic
Related Questions
- Does my agent have to inform me if he sells me an automobile club service agreement or an accidental death and dismemberment policy together with an insurance policy?
- Do I recommend that each and every person reading this have PIP benefits on their autmobile insurance policy?
- When will the automobile insurance policy choices and lower rates be available?
