Personal Injury Protection, also known as PIP, covers you and your passengers from an injury related expense as a result of an automobile accident, regardless of fault up to the limits on your policy.
There are several levels of coverage ranging from $1500 to $250,000. Your insurance agent can let you know what limits are available in your state. Some states require you to purchase this important coverage. For the states that do not require that you purchase it, you will have to sign a waiver to decline the coverage.
What most people do not realize is the value of this protection. Your health insurance doesn’t necessarily cover all the expenses incurred from an automobile accident injury. Personal Injury Protections will pay for your deductible, co-payments and dental or cosmetic injuries in addition to paying the expense of the injuries and other related expenses such as an ambulance ride, care flight, physical therapy, prescriptions, lost wages, and death benefits. Consider the expense of all these important coverage’s when determining what limits best suits your needs.
Personal Injury Protection pays regardless of fault, and covers you when you or insured members are in another vehicle. Personal Injury Protection limit amount are determined by state, and then personal choice on your automobile insurance policy. Be well informed of your options. Know what your personal medical insurance will cover in case of an automobile accident. This will help you make an informed decision when buying or declining PIP. Remember, you insurance agent is licensed and trained to help you determine your needs.
Agent Advice - Replacement Cost Vs Market Value
What one question do I answer most often, besides billing question? Why are you making me insure my home for more than it’s worth? I cannot sell my home for that price, or I do not owe that much ...
Read More →
Agent Advice - Do I Need Renters Insurance?
Renter’s insurance is an inexpensive way to protect you for personal liability and protect your personal property for damages from fire, smoke, wind/hurricane, vandalism, theft, water damage and a ...
Read More →
How To Shop For Insurance
The best way to shop for insurance is to get several quotes from competing companies. Make sure all the coverage’s are apples to apples when shopping for automobile insurance. Make sure the dwell...
Read More →