Should I Waive PIP Coverage In My Auto Insurance Policy?
Why You Should Not Waive PIP In Maryland...If you are in a car collision in Maryland, PIP can cover health care bills, funeral expenses (God forbid), lost wages and household services (i.e. child care, cooking, housework, etc...). In addition, PIP can cover up to 85% of lost income. However, all PIP payments in Maryland must be reasonable.
If you are insured in Maryland, and PIP payments are made, those payments do not have to be paid back to the insurance company. The reason this is important is because a lot of times, if you have to go to the emergency room, and have waived PIP, any settlement you receive will have to be used to repay the hospital. Conversely, if you did not waive your PIP coverage, your hospital bills would be paid up to your PIP limit by your insurance carrier.
"I Know You Said PIP Does Not Have To Be Repaid, But What About Subrogation?"Subrogation is just a fancy word for repayment. So the answer is still no, subrogation will not apply to your PIP payments.
At the end of the day, PIP can help you reduce what comes out of your pocket at the close of your case.