What does Personal Injury Protection (PIP) insurance cover?
Personal Injury Protection insurance is also known as “No-Fault” insurance. It will pay for 80% of your medical expenses and 60% of your lost wages regardless of who is at fault for the accident. It will protect any resident member of your household and covers your child if they are injured in a school bus. PIP also protects passengers who are in your car who do not live with you or if they do not own a car. What amount of PIP deductibles should my insurance company offer me? Insurance companies are required to offer deductibles in the amount of $250, $500 and $1,000. The higher the amount of a deductible you choose the lower your insurance premium should be. It is suggested that you select a zero deductible for your PIP insurance. Do I need to list every driver that lives in my household on my policy? Yes in order to be protected by the PIP benefits you must list every resident member of your household that drives or owns a vehicle. In addition most insurance companies require you to
