What Is PIP on Auto Insurance?

When you’re shopping for car insurance, make sure to ask the insurance agent about personal injury protection (PIP). Personal injury protection pays for your medical bills and wage loss in the event of a car accident. It’s a relatively inexpensive policy that costs around $50 to $100 per year. Minimum coverage is $2500, but some policies have up to $20,000 in coverage. In many states, PIP is required by law. affordable auto insurance quotes

PIP coverage rules vary from state to state, but typically, it covers the insured person in the event of an accident. It can also cover residents of the insured person’s household, including dependent relatives. In some states, PIP coverage may extend to passengers, but only if they are occupying the owner’s vehicle. PIP coverage may also cover pedestrians struck by vehicles.

Personal injury protection pays for medical costs, household expenses, and lost earnings up to a certain limit, and it can also cover funeral expenses in the event of a wrongful death. However, you must file a claim within a certain time period. The longer you wait to file a claim, the higher your costs are likely to be.

PIP insurance isn’t required in all states, but it’s a great option if you are in an accident and need money right away. Personal injury protection is also known as no-fault insurance, which means that you can claim for your injuries in no matter who was at fault in the accident. PIP insurance also covers you if another driver has no insurance.

Personal injury protection insurance is a separate policy from liability insurance. PIP insurance covers medical expenses for the policyholder, other policyholders, and family members who were in your car at the time of the accident. Liability insurance, on the other hand, only covers injuries to other parties. Personal injury protection is the best way to protect yourself from financial loss.

PIP insurance is sometimes called “no-fault insurance” because it pays for your medical expenses regardless of who was at fault. It also covers funeral expenses and even substitute employees in the event you’re not at fault. Personal injury protection is important because it can help you recover lost wages and cover funeral costs.