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 D4 medical. 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 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. Of 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.