PIP, or personal injury protection, coverage can be a valuable asset when it comes to medical bills and lost wages resulting from an accident. In Maryland, PIP is a no-fault type of coverage that is required on vehicles, but can be waived if you affirmatively choose to do so. Motorcycles are not required to offer PIP, and neither are public transportation options such as buses.
If you have PIP coverage, it will cover medical bills and lost wages that are related to the accident up to your policy limits, regardless of fault. The amount of PIP coverage varies, but typically ranges from $2,500 to $10,000.
PIP doesn't require you to wait for settlement or trial to receive benefits. This means that you can receive money for medical bills and lost wages right away, instead of waiting months or even years for your case to be resolved.
PIP is also not subject to reimbursement in Maryland. So if you use your PIP coverage to pay for medical bills, you can still submit those bills to the at-fault driver's insurance carrier and potentially receive additional compensation.
It's also worth mentioning that PIP coverage does not require you to sign a release, as you would in a settlement. This means that you can receive benefits from PIP while still actively treating your injuries and assessing the full extent of your damages.