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Personal injury protection is
offered by auto insurance companies in some states when you buy
an auto insurance policy. However, a few state with no-fault laws
require motorists to purchase PIP as part of their auto insurance
policy. The rising cost of medical care has made PIP coverage more
expensive in recent years. If you carry PIP on your automobile it
applies to all autos you insure, and auto insurance companies charge
a premium for every auto.
What PIP covers
PIP pays your medical expenses, lost wages, rehabilitation, funeral
expenses, survivors’ benefits, and other damages regardless of fault.
PIP doesn’t cover injuries caused by using farm equipment, recreational
or off road vehicles. It won’t cover intentional injuries to the insured
person or if the person is injured in organized racing activities
or while committing a felony.
Who is covered under the Personal Injury Protection coverage?
PIP covers the insured persons named on the policy, relatives living
in the insured’s household including spouse, adopted, step or foster
children and any passengers in the car. Covered persons are also
protected if they were injured in an auto accident as a pedestrian.
Should you buy PIP if your state does not require it?
Take a look at your personal situation. If you and your family
already have health care coverage and disability coverage, then PIP
may be duplicate coverage. Also, if you seldom transport passengers
who aren’t residents of your household, you may not need the added
protection.
Some companies offer basic medical payments coverage, usually with
some level of modest coverage, such as $5,000 for medical treatment
only. This coverage is also available regardless of who is at fault.
You can also request higher limits for PIP coverage if you feel
you need more protection than the basic limits offer.
You
can get free auto insurance quotes with PIP coverage online.
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