Every Minnesota auto insurance policy includes mandatory Personal Injury Protection (also called “PIP” or “no-fault”) coverage. The basic coverage is $20,000 for medical expenses and $20,000 for economic loss, including wage loss.
When the no-fault law was adopted in the 1970s, $20,000 of medical coverage was enough for nearly all injuries. Today, we sometimes see that amount completely exhausted before our client is even home from the emergency room.
If you own more than one vehicle, consider “stacking” PIP coverages. For a modest increase in your premium, you will be covered by $20,000 times the number of vehicles you insure. So, if you “stack” PIP coverage for three vehicles, anyone injured in one of those cars would qualify for up to $60,000 of medical and $60,000 economic loss benefits. That also means your weekly wage loss benefit would increase by $500 multiplied by the number of vehicles insured. For three vehicles with stacked coverage, that means up to $1,500 weekly.
We welcome calls to explain these insurance coverage issues. If you have been injured, we can help you map out a plan to maximize what you can recover from the various insurance coverages.