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PIP, Medical Payments & Uninsured Motorist Coverage Explained
When most people think about car insurance, they think about damage to vehicles. But some of the most valuable coverages on your policy are the ones designed to protect you and your passengers after an accident.
Here’s a breakdown of three important coverages many drivers don’t fully understand.
Personal Injury Protection (PIP)
In Florida, drivers are required to carry Personal Injury Protection, commonly called PIP.
PIP helps cover:
- Medical expenses
- Lost wages
- Certain essential services
One important thing to know is that PIP applies regardless of who caused the accident. This is why Florida is considered a “no-fault” state.
Medical Payments Coverage (MedPay)
Medical Payments coverage, often called MedPay, can help cover additional medical expenses after an accident.
Unlike PIP, MedPay can help cover:
- Copays
- Deductibles
- Additional medical costs after PIP limits are exhausted
Many drivers choose MedPay as an extra layer of protection.
Uninsured & Underinsured Motorist Coverage
Not every driver on the road carries enough insurance, and some carry none at all.
Uninsured/Underinsured Motorist coverage (UM/UIM) can help protect you if:
- The at-fault driver has no insurance
- The at-fault driver doesn’t have enough insurance
- You’re involved in a hit-and-run accident
This coverage can help pay for medical expenses, lost wages, and other damages that the other driver may be unable to cover.
Why These Coverages Matter
Medical bills and lost income can create significant financial stress after an accident. Having the right protection in place can make a major difference during recovery.
By reviewing your coverage with our agents at Cornerstone Insurance Agency LLC, we can help ensure you and your family are properly protected.
This article is for informational purposes only. You should not act based on this information without first consulting with your insurance agent; if you would like a quote from a Cornerstone Insurance Agency licensed agent, contact us. We disclaim all liability for actions taken or not taken by you based on the contents of this article which is provided “as is.” Cornerstone makes no representation that this content is error-free.