Why can I save money by getting “cheap” PIP coverage with a deductible?
You may think you’re saving money by getting a PIP deductible, but Wood, Atter & Wolf strongly recommends against it. If you have a standard $2,000 PIP deductible, which insurance companies love to sell you, you must pay the first $2,500.00 in medical bills/lost wages out of your own pocket! This is obviously very expensive, and many good doctors will not treat you under these circumstances. So you are paying for insurance coverage that really may not help you at all.
