Personal injury protection insurance definition

What is a personal injury protection claim?

Personal injury protection ( PIP ) is an extension of car insurance available in some U.S. states that covers medical expenses and, in some cases, lost wages and other damages. That is, even if the person seeking PIP coverage caused the accident , they are entitled to make a claim under the PIP portion of their policy.

Do I need personal injury protection on my car insurance?

Purchasing personal injury protection is mandatory when you’re buying auto insurance in certain states. PIP coverage can help pay your medical expenses if you’ve been in an auto accident . This type of car insurance may also cover lost wages and funeral expenses.

Who is covered under personal injury protection?

Personal injury protection ( PIP ) covers the healthcare costs related to injuries sustained in an automobile accident . PIP covers both the policyholders and their passengers, regardless of whether they have health insurance . PIP policies have a minimum coverage amount and a per-person maximum coverage limit.

Should I buy personal injury protection?

PIP coverage is often a requirement in “No-Fault” states, as it covers your injuries , no matter who caused the accident . You should consider PIP if: State law requires it. You commonly drive with passengers in your vehicle who could hold you responsible for their medical expenses if they were injured in an accident .

What is the cost of pain and suffering?

The more severe, the more your number is multiplied by. For example, if a person has $4,000 in medical bills because of a torn ligament, they might multiply that amount by two. This would determine their pain and suffering value to be $8,000 .

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What is the difference between PIP and bodily injury?

The main difference between bodily injury (BI) insurance and personal injury protection ( PIP ) insurance is that the latter, PIP , provides coverage for injury to you and others involved in the accident, while BI protects against lawsuits made against you if you are responsible for an accident.

What is the difference between medical payments and personal injury protection?

Personal Injury Protection is similar but distinct; while medical payments coverage is strictly intended to cover medical bills , PIP takes things a step further, covering health costs and resulting lost wages for you and your passengers after an accident , regardless of fault.

How many states are no fault?

Twelve states

Does using PIP raise your insurance?

The short answer is that using your PIP insurance shouldn’t cause your rates to go up or your policy to be cancelled. But like everything involved with insurance companies and lawyers, it’s complicated. Personal Injury Protection ( PIP ) is required by law.

What does PIP coverage pay for?

Personal injury protection ( PIP ), also known as no-fault insurance , helps cover expenses like medical bills, lost wages or funeral costs after a car accident, no matter who is at fault. Requirements for this coverage vary from state to state.

Does PIP pay for pain and suffering?

Personal injury protection ( PIP ) can cover injuries to you and your passengers, no matter who caused an accident. If you’re able to sue, you can also generally sue for pain and suffering , which you can’t get under a PIP claim. PIP generally covers: Medical expenses from a car accident.

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What does not at fault state mean?

What is a no – fault state ? “ No – Fault ” means that drivers have insurance to cover their own injuries and damage rather than insuring to pay out to the other person. An easy way to remember what no – fault means is that it does not matter who is at fault because everyone is required to file a claim with their own insurance.

How much PIP coverage should I have?

We suggest that anyone buying an auto policy should try to secure $10,000 of PIP coverage . This way you know you will at least have the first $10,000 of your medical bills (and possibly lost wages) covered with no questions asked. As always, if you can afford even more PIP coverage , you should buy it.

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