What is Personal Injury Protection?
Personal Injury Protection, known as PIP, is a form of automobile insurance required by law in some states. It is different from third party liability insurance, which pays costs to another person or vehicle if the accident is your fault. PIP specifically refers to medical costs for bodily injury, for both yourself and others in your vehicle in the event of a collision.
If you have health insurance, you may find it redundant to pay for any other insurance, which also covers medical costs. However, PIP is not quite the same, because it also provides for riders in your car. Not everyone carries adequate health insurance, and if someone comes to harm because of riding with you in your car then you want to be able to pay his costs. Not only is this a moral and ethical thing to do, it also helps insure that you are not sued.
When someone else hits your car with his, then his third party liability insurance should pay your costs. That is the point of legally requiring everyone to carry liability insurance. However, some people drive without the necessary protections, and some are just simply underinsured, so that their insurance does not pay very much. That leaves you in the position of having to sue to get any further costs, unless you have your own insurance to cover it. PIP is part of that personal protection. It will not cover any repair or replacement expenses for your vehicle, but it will cover what is both more important and more expensive, which is the medical bills. It is much easier to fix a car than a human body.
To search for the best and cheapest PIP available, look over the Internet, paying especially attention to sites, which offer you multiple insurance quotes at the same time? It is a much quicker way of comparing vehicle insurance companies than researching each one individually. Even if you already have sufficient insurance, be sure to review your policy regularly to make sure the amounts reflect your current needs, and find comparison rates to be sure that youre still getting the best deal possible.
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