Personal Injury Protection (PIP) vs. Medpay benefits

It's time to renew my insurance.

What is PIP? 

PIP stands for personal injury protection and it is just that.   It covers your doctor bills, medical expenses and lost wages up to $2,500 or $5,000 (depending on your limits).  Additionally, you get to keep this money for your needs and bills if you are hurt in an accident.  PIP is coverage B2 on your auto insurance policy as required by Texas Law.

 

What is Med Pay?

Med Pay is like PIP but is lousy coverage for 2 main reasons:

1. It only covers doctor and medical expenses.  It does not cover your lost wages.

2. You have to pay it back if you make a claim against someone who hurt you.  In essence, it is a loan that must be repaid.  

 

What do I choose and why?

They cost about the same but PIP is better.  Don't let your agent mislead you and sell you medpay.  PIP you get to keep.  Medpay you throw away and have to repay.

 

How much coverage do I need?

$5,000 or $10,000 if you can.  It is insurance to cover the people inside the car, not the metal.  Always protect your loved ones.

 

If you have any questions regarding auto accidents and your coverages, please contact our office at (817) 831-6100.