Car accidents can wreak all kinds of havoc on physical health and cause disruptions to one’s ability to work and earn money. Most people carry car insurance (it’s the law) but many may not be aware that they can add a Personal Insurance Policy (PIP). PIP is available in most states and is even required in some. Its purpose is to cover certain expenses or loss of income in the event of a car accident. PIP is often called “no-fault” coverage because it is designed to be paid regardless of who is at “fault” and a claimant’s insurance premium should not increase due to a PIP claim.
It is important to understand that even if you have a health insurance policy, you could still benefit from a personal insurance policy. A PIP can help to pay for gaps in your health care plan such as deductibles.