What Is PIP?
PIP stands for Personal Injury Protection. It is an optional part of car insurance for Maryland and District of Columbia residents that usually provides a minimum of $2,500 towards medical bills and lost wages arising from an accident. In Maryland, insurance companies are required to offer you PIP coverage when you purchase an insurance policy. PIP is known as “no fault” coverage, which means that you can receive money regardless of who caused the accident, and your insurance rates should not go up because you applied for PIP money. PIP coverage is provided by your own insurance company for you and your passengers when injured in a car accident, regardless of who was at fault. It can cover medical bills and up to 80% of lost wages up to the limits of coverage purchased.