Oregon Auto Insurance Medical Payments Coverage
Medical payments coverage in Oregon auto insurance policies, sometimes known as personal injury protection or PIP, is a required coverage by the state of Oregon (although sometimes this option is separate from PIP). We will define what PIP covers, why it is mandatory, and how to find the best PIP coverage. The most important point to understand before you commit to any auto insurance policy in OR, or any other state, is that you must know what you are getting. If you don’t understand what medical payments coverage involves, how can you decide if you’re getting what you need?
Medical payments differ from personal injury protection coverage in a few ways. First, if the term PIP is used, typically it will be a state mandated coverage. Further, PIP covers more than just the medical expenses of you and your passengers as medical payments do.
1. Lost wages: If you are injured in an accident and not able to return to work, PIP provides some loss of income coverage. Most coverage will pay for 52 weeks up to a monthly cap of $1250.
2. Funeral expenses: If a death were involved in the accident, PIP will help to cover some of the funeral expenses.
As reviewed before, personal injury protection (PIP) is a required car insurance coverage option in Oregon. Further, PIP must be carried at a minimum limit of $15,000 per person. This truly is a safety precaution for the residents and drivers of Oregon.
Even though certain health insurance companies provide similar coverage, not everyone has health insurance and depending on the severity of the accident, adequate health insurance to pay for the potential medical bills from an accident.
If you do not already have personal injury protection, our free search tools at www.OregonAutoInsurance360.com will assist you in getting legal with the state and comparing quotes from top companies online to save some money.
Get started finding Oregon auto insurance today!
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