What Is PIP or Personal Injury Protection Insurance Coverage?
Personal injury protection (PIP) insurance is an extension of your car insurance that covers medical bills in the event that you are injured in an accident. PIP is also called “no-fault” insurance, as you are covered regardless of how the accident occurred.CoverageBroad PIP coverage may compensate you for child care costs and lost wages that result from car accident injuries. It may also cover funeral expenses. Usually, PIP compensates you for 100 percent of your medical costs without a copay or deductible.No-Fault LawsAs of March 2010, 16 states had some type of “no-fault” law that requires drivers to carry PIP insurance. Each of these states has different requirements for how much PIP drivers must purchase.FunctionPIP is set up to pay for your medical care regardless of who caused the accident. However, if you were in an accident caused by another driver, your insurance company may sue the driver at fault.PIP SupplementsSome states cap PIP coverage for combined expenses; for instance
