Florida Auto Insurance - Personal Injury Protection

Personal injury protection, popularly known as PIP auto insurance policy, is an extension of a regular car insurance policy. It is available in some states of the US and covers the medical expenses of the driver and other passengers in the vehicle in the event of an accident, irrespective of who is at fault. Thus, it’s a no-fault type of insurance policy. In certain cases, based on the type of policy PIP coverage may also cover lost wages and other damages.

  • Size of the Personal Injury Protection insurance policy:

Remember, the amount that is paid under PIP coverage is capped; this level can vary from state to state and range from as low as $1,500 to as high as $250,000. In some US states, the limit of the maximum PIP coverage is considerably lesser than the medical and damage costs. Hence, it’s a better option to purchase some additional insurance coverage, such as uninsured motorists or bodily injury to avoid paying large out-of-pocket expenses.

  • How does a Personal Injury Protection insurance policy work?

PIP insurance policy works like a liability coverage with minimum limits. Unlike a regular auto insurance policy that is subject to the deductible, PIP coverage doesn’t depend on the amount of deductible you pay. Based on your auto insurance provider, the PIP coverage limits can be as low as $10,000 to $20,000 and carry various restrictions.

Although PIP insurance isn’t the cheapest insurance coverage, its cost can be kept at a more manageable level if you opt for a low premium.

Many people don’t have much knowledge about Personal Injury Protection insurance policy and assume that it will pay for their complete medical expenses. The truth is that PIP value has a certain limit and there’s a possibility of your medical expenses going beyond that amount that your PIP coverage will pay for.

PIP insurance policy is an optional coverage in most states in the US. However, it’s a necessity in states, such as Florida, Kansas, Hawaii, North Dakota, Utah, Minnesota, Massachusetts, Kentucky, New Jersey, Pennsylvania, Maryland, Arkansas, Delaware, New York, Michigan and Oregon.

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