What Is PIP Insurance?

If you are involved in a motor vehicle accident, you will need the right insurance coverage. Kentucky law requires personal injury protection (PIP) with minimum coverage of $10,000. PIP coverage can be rejected but is otherwise mandatory coverage. Additional PIP coverage, referred to as Added PIP, can be purchased as well.

PIP insurance covers medical expenses, lost wages, funeral expenses, or other economic detriment arising from the use of a motor vehicle. It is often referred to as no-fault insurance, because the coverage applies irrespective of fault or negligence, or who caused the accident.

How Do I Receive Compensation?

To use PIP insurance after an accident, you will need to file a claim. PIP claims are typically filed through the insurance company covering the vehicle you were in at the time of the accident. PIP will cover the medical expenses, lost wages, funeral expenses, or other economic detriment up to the limits of your coverage. Also, Kentucky no-fault law places limitations on your right to sue the responsible driver. Such suits are forbidden unless your loss meets one of the threshold requirements.

Are There Limitations and Exemptions?

If your injuries or losses satisfy one of the threshold requirements, then you may pursue a claim against the responsible driver’s insurance company, or sue for damages. Under Kentucky law, the threshold requirement can be satisfied by medical expenses exceeding $1,000.00, establishing a permanent injury, fracture of a bone, or a permanent disfiguring injury.

PIP insurance is an essential part of financial and medical protection for motorists. Ensure that you have the proper coverage so that you or your passengers do not suffer from inadequate insurance coverage.