Understanding PIP Stacking and Its Benefits

Posted on behalf of RizkLaw on Dec 23, 2023 in Personal Injury

Car accidents can occur when least expected. Regardless of how safe of a driver you may be, if a negligent driver is sharing the roads with you, you may fall victim to a crash caused by their reckless actions. While a car accident can be physically and financially devastating when you suffer injuries and losses, understanding personal injury protection stacking and the benefits that can come from this method of insurance stacking can ensure you are able to pursue the fair compensation you are owed.

Rizk Law is an Oregon personal injury law firm with years of experience helping clients who have been injured in a car accident. If you have suffered harm due to a car accident, it is important you understand the various benefits of PIP stacking and how it can help you achieve justice in your personal injury case.

What Is PIP Stacking?

In Oregon, drivers must carry personal injury protection insurance, or PIP. Drivers must have a minimum coverage of $15,000 of coverage per person injured in an accident. These funds can be used to pay for medical expenses, lost wages, and other related costs resulting from the accident. For drivers who own one vehicle, this may be enough to cover the cost of losses they suffer after a crash. However, for those who own more than one vehicle, stacking PIP coverages can be beneficial in the event you have to file a personal injury claim.

If you choose to stack your PIP insurance for multiple vehicles, you will be covered by $15,000 times the number of vehicles you insure for only a small increase in the premium you already pay. For example, if you stack PIP coverage for three vehicles, anyone injured in one of those cars would qualify for up to $45,000 in loss benefits. Stacking your personal injury protection insurance can make a significant difference in the amount you are able to recover in damages and help you get fair compensation that will prevent any financial hardship in addition to the injuries you have already suffered from the crash.

What Are the Benefits of Using PIP Stacking?

While there may be no bright side when a car accident occurs, if you have stacked PIP insurance, you may at least be able to pursue the fair compensation you deserve. Stacking personal injury protection insurance can provide many benefits to your case, including the following:

  • Medical bills: Stacking PIP coverage can increase the amount of compensation you receive for your medical expenses after an accident. 
  • Wage loss: Stacking PIP coverage can be helpful for those who are higher-income earners. A higher compensatory amount for wage loss can help you maintain day-to-day finances as you recover from injuries suffered in the crash. 

To learn more about the benefits you may experience when stacking your personal injury protection insurance, retain the help of a trusted personal injury lawyer. Your lawyer can help you build a strong claim while also pursuing the fair compensation you deserve after a car crash leaves you injured.

Get Help Recovering PIP Stacking Benefits After a Car Crash in Oregon

Rizk Law is a personal injury law firm with extensive experience providing clients in Oregon with the trusted legal help they deserve after suffering losses in a car crash. We believe that no one should have to go through the personal injury claims process alone, and we will help you through each step as you pursue the fair compensation you are owed. 

To get help from one of our trusted personal injury lawyers, contact us here or call (503) 245-5677 for a free case review.