Is Additional PIP Needed When Getting Cheap Auto Insurance?
What’s Extra PIP coverage? When you are trying to get cheap auto insurance do you need it? You first need to know what you PIP stands for; the acronym PIP means Personal Injury Protection. In your auto insurance policy it’s the coverage that pays your medical costs if you become injured in an accident you caused.
Okay that’s easy enough to understand. I get medical coverage under my insurance policy if I’m injured in an automobile accident.
So, what is Extra PIP (Personal Injury Protection)? It may be confusing because it doesn’t actually pay any medical bills at all. It gives you coverage under your auto insurance for costs you have that are from you being injured in an auto accident.
Four coverage’s make up your Extra PIP; Income Continuation, Essential Services, Death Benefit and Funeral Expenses. Let look closer so when you decide to get free auto insurance quotes you will be able understand the coverage’s included.
Income Continuation pays a selected benefit amount of money per week if you are unable to work. Coverage ranges from $100 to $700 per week. The coverage is either available up until the age of 65 or for two years. This coverage is offer if your short term disability is under 60% of your regular pay or your benefits from the state ended.
Essential Services will give you coverage for services you can no longer do because you are hurt. Things like cleaning your gutters in the fall or cutting your grass would be covered under this option. There are two daily limit options $12 or $20 per day or a total benefit from $4,380 to $14,600 depending on the coverage’s you decide on.
Death Benefits are available in case you pass away due to a car accident. This benefit will pay either $5,200 or $10,000 pending which option you select.
Funeral Expenses are paid in the event that you pass away due to an auto accident. This benefit will pay either $1,000 or $2,000 depending on the option you decide on.
There are 17 Extra PIP options available combining different limits of the above coverage’s. Extra PIP coverage may not be available in each state. When you get your next discount auto insurance quote if PIP is available choose the option that is the best fit for you
