“No Fault” Insurance
Personal injury protection (PIP) coverage is often referred to as “no fault” insurance. This coverage helps pay for your medical costs, and other expenses, after a car collision regardless of who was at fault for the accident. Several states require vehicle owners to have PIP coverage, including FL, NJ and NY.
The state where you live determines the minimum policy limits you must carry and what coverages are available. You may also have an opportunity, in some states, to elect a deductible, co-payment, additional policy limit or health care primary option.
PIP may provide the following benefits:
- Medical expenses
- Wage Lost while being treated
- Household services you are unable to perform, such as child or senior care
- Death Benefit
Coverage benefits and restrictions differ in each state. For example, PIP “follows the car” in some states, while in other states PIP coverage “follows the person.” This can impact how coverage is applied to you as the driver, a passenger or as a pedestrian. Consult with your insurance agent for more details about PIP coverage and what it includes.