If you make a personal injury protection (“PIP”) claim or a medical payments (“MedPay”) claim, the insurance company is entitled to a credit for that amount. For example, if your UM/UIM claim is worth $20,000, but your insurance company has already paid you $5,000 for PIP, then your insurance company will only owe you $15,000.
The exception to this is when your claims exceed the value of your policy limits. For example, if your UM/UIM claim is worth $40,000, but you only have $30,000 of UM/UIM insurance, the company must say the full $30,000 even if it had already paid you some amount for PIP or MedPay.
