If you’re like most people, then PIP, or personal injury protection coverage, probably doesn’t figure prominently in your day-to-day life. Up until you find yourself involved in an accident and then suddenly, PIP becomes one of the most important things in the universe. To help you out, here’s what you need to know about PIP coverage:
No Fault
PIP is also known as the no-fault insurance. That means that it doesn’t matter if the accident happens to be the other party’s fault or yours, says the DMV. So the injured party has little right to sue. That is, unless the accident results in a death, critical injury or extensive damages.
Coverage
This covers the costs of the following:
*Medical expenses. If you end up in the hospital and need medication, medical treatment or rehabilitation, the insurance provider under your PIP coverage will shoulder the costs.
*Lost services. If a critical injury prevents you from delivering services to clients or employers, then the insurance provider should cover the cost of you losing your job or clients as well.
*Lost wages. If you aren’t able to work because of your injuries—in some cases, the injuries are for life—then you’re entitled to compensation for the wages you lost.
*Funeral expenses. If the accident results in your death, then your family has the right to demand compensation.
Who’s Covered
The policyholder is covered. Relatives related by blood, adoption or marriage are also covered along with any step or foster kids and any non-family passengers or pedestrians who all ended up involved in the accident.
Assistance
And if PIP insurance coverage turns out to be a bit too complicated to understand, you only need to ask for help. Seek out a PIP lawyer to make sure your legal needs are covered.
