Texas Uninsured/Underinsured Motorist Claims: The Insurance Company Says It Gets A Credit For Its Other Payments. What Is It Talking About?

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.

Perlmutter & Schuelke, LLP maintains offices in Austin, Texas. However, our attorneys and lawyers represent clients throughout the state of Texas, including Dallas, Houston, San Antonio, Forth Worth, El Paso, New Braunfels, San Marcos, Kyle, Buda, Round Rock, Georgetown, Lockhart, Bastrop, Elgin, Manor, Brenham, Cedar Park, Burnet, Marble Falls, Temple and Killeen. By Brooks Schuelke

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