Do i need to have personal injury protection (pip) coverage what are the benefits and drawbacks of this type of coverage?

Personal injury protection (PIP) is a type of car insurance that covers expenses such as medical bills, lost wages, or funeral expenses. The PIP covers you and your passengers in the event of a car accident, regardless of fault. PIP insurance, also known as “no-fault insurance,” is primarily required in states with no-fault insurance laws. It's a good idea to consider PIP coverage where available.

You may have excellent health insurance, but you may have a high deductible, which PIP could cover in the event of an accident. The PIP can also cover lost wages if you are injured, which is not normally covered by health insurance. Personal injury protection (PIP) is a specific type of car insurance that covers hospital bills, medical costs, and lost wages if you are injured in a car accident. Coverage varies by state and insurance company, and protection beyond medical care is usually optional, but PIP insurance can include these types of coverage, up to the limits of the policy and after any deductibles.

For more information, see WalletHub's guides on personal injury protection and car insurance for passengers. PIP, or personal injury protection, is a type of car insurance that pays for medical expenses after a car accident. Personal injury protection (PIP) insurance covers medical expenses, lost wages, and household expenses after a covered driver or his passengers are injured in a car accident. You should also take out personal injury protection (PIP) insurance if it's available in your state and you would need financial support if you were injured in a car accident.

Personal injury protection (PIP), also known as “no-fault insurance,” is a component of an auto insurance plan that covers medical care expenses related to a car accident. PIP insurance helps cover coverage gaps for you and your passengers due to medical costs that your health insurance company won't cover. PIP is a versatile type of insurance because it covers both medical bills and indirect costs resulting from injuries sustained in a car accident.