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Know How Kentucky Personal Injury Protection (PIP) Affects You!

PIP Personal Injury Propection ClaimInsurance policies are generally quite confusing and often vary between insurance companies. Most of them promise you a better rate, or better coverage in the event of an accident. Knowing what some of the standard policies cover will help in choosing the right coverage for you. For example, one thing that does not vary between insurance companies that do business in Kentucky is the minimum PIP coverage. PIP stands for ‘Personal Injury Protection’ (also known as Basic Reparation Benefits in other states). In Kentucky, every car insurance company licensed to sell insurance in the Commonwealth is required to provide $10,000 of minimum No-Fault benefits in the case of an automobile accident. This minimum benefit amount is per person, and it covers medical expenses and/or wage losses attributed to the accident.

PIP also may allow for an extension of time in which you may file a claim resulting from an automobile accident. Generally speaking, in Kentucky the statute of limitations is two (2) years from the date of the accident/collision.[1] However, if PIP benefits are paid, then the statute of limitations will be extended by two (2) years after the LAST PIP payment. For example, let’s say you’re involved in a car crash while driving on I-71 in Kentucky on January 1, 2014. You will have until January 1, 2016 to file a claim/suit against the other driver (assuming a valid claim exists against him/her). However, if you are injured in that car accident and your last medical bill is paid by your PIP on July 1, 2014, you will have until July 1, 2016 to file the lawsuit.

If you or someone you know is dealing with an accident related injury and have questions regarding PIP, please do not hesitate to contact Lawrence & Associates for more information and assistance. We can help!

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[1] KRS 304.39-230(6)