Personal Injury Protection is a Wise

Choice For Drivers

Being involved in an accident is the last circumstance most drivers want to experience. However, it happens sometimes and there are times when you are the innocent victim and other times when you are the person at fault.Auto insurance companies understand that accidents do happen and for this reason personal injury protection is offered in most auto insurance policies.

Personal injury protection, also known as PIP, is optional in some states but having it as part of your auto insurance coverage is highly recommended.PIP provides monetary payout for a driver and his or her passengers in case of an accident. It can be used to pay for mainly medical expenses but there are cases where there are payouts for other damages such as death expenses and even loss of wages because of injuries.

The Importance of Personal Injury Protection

The amount of protection can be chosen by the driver but there are limits that vary between the states.Most insurance companies provide an adequate amount of time to file a claim for PIP usually up to a year. In addition, when seeking PIP for coverage of medical expenses it is important to note that only reasonable expenses are covered and what is deemed reasonable varies also between states.

Furthermore, it will be paid out to any driver or passenger injured in the car regardless of who is responsible for the accident. This is very important to note since many people choose to waive this coverage, believing it is worthless when in fact PIP coverage could greatly reduce your medical expenses if in an accident.So if it is so important and valuable why do some people waive it? The very simple answer is cost - it's waived for cheaper auto insurance rates.

Personal Injury Protection When Driving Someone Else's Vehicle

Course your insurance will be a bit higher if you choose to add it as an addendum because there is an additional risk that the insurance company will have to pay and in this case without having to prove fault. Some people believe that having bare bones insurance is more important because it saves them money initially. Cheap insurance should not come at the expense of having quality coverage that will protect both yourself and those riding with you.

Without this coverage, however, you could end up paying hundreds to thousands of dollars in medical expenses which ironically could be avoided by paying just a little extra each month for PIP. There are plenty of other ways to obtain a cheap auto insurance premium but waiving personal injury insurance should be avoided. Make the wise decision to protect yourself and your passenger's safety and well being by adding personal injury protection to your auto insurance policy.

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The Truth About Personal Injury Protection - & Some Myths

Trying to get insurance cover can be a real minefield to most people. It is almost always an unbelievably expensive item with respect to the family budget. Unfortunately however, it can be horrendously costly in another way if the cover is not appropriate or does not cover the intended items. Let's look at the main kinds of cover and attempt to throw a little light on the subject.

The best automobile insurance policies will include the following items: uninsured motorist coverage, personal property liability, collision coverage, bodily injury liability, comprehensive coverage and personal injury protection (PIP).

Some of these elements are required by all states whilst others are not required. Collision coverage pays for all damages to a automobile or other vehicle when it is in collision with another automobile or other vehicle or non-vehicular object, even if the insurance holder is at fault.

Comprehensive insurance policies protect the insurance holder in the unfortunate situation that their automobile or other vehicle is taken without the owner's permission, damaged illegally, harmed by an act of nature or damaged otherwise. Both of these kinds of insurance are always optional and are usually very costly.

Bodily injury and personal property insurance are required by all U.S. states in in one way or another. Where the states differ greatly is in the minimum guaranteed payout that is set for each. For example, in Alaska, a driver is required to carry coverage that has a guaranteed minimum bodily injury payout of $100,000. In Florida, a driver is only required to carry coverage worth $10,000.

Many elements of an auto insurance policy that could be optional are cover for the uninsured motorist and personal injury protection. The coverage for the uninsured motorist protects the insurance holder in case he or she has an accident with an uninsured person.

It provides the insurance policies that should possibly have been supplied by the other party. PIP, in the event of an accident, pays for the medical expenses and other assorted damages incurred by the insurance holder and their passengers (or if the insurance holder is an injured pedestrian).

Carrying personal injury protection is mandatory in: Colorado, Delaware, Florida, Hawaii, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Dakota, Oregon and Utah.

Even if personal injury protection is not mandatory in your state, you may still want to consider purchasing the insurance policies. PIP, in the event of an accident, will pay around 80% (depending on insurance policies limits) of the costs of the insurance holder and passengers.

These costs include medical bills, lost wages and other assorted expenses. personal injury protection is a no-fault policy, so it will cover you and your passengers, even if the reason for claim was

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