You may have heard of personal injury protection insurance (PIP) if you’re a new driver. But what exactly is it? In this blog post, we’ll break down everything you need to know about PIP insurance.

PIP INSURANCE IS NOT ALWAYS REQUIRED BY LAW, IN FLORIDA IT’S MANDATORY.”

PIP insurance covers medical expenses and, in some cases, lost wages for you and your passengers if you’re involved in a car accident, regardless of who is at fault. PIP is sometimes referred to as “no-fault” insurance because it pays for your medical expenses regardless of who is responsible for the accident. PIP insurance is mandatory in some states, but not all. In states where it is not required, you may still choose to purchase PIP insurance as part of your car insurance policy. PIP insurance can be a great way to protect yourself financially and your passengers in the event of an accident. But it’s essential to understand the coverage limits and exclusions before you purchase a policy. Here are a few things to keep in mind about PIP insurance:

• PIP INSURANCE COVERS MEDICAL EXPENSES FOR YOU AND YOUR PASSENGERS UP TO A SPECIFIC LIMIT.

• PIP INSURANCE MAY ALSO COVER LOST WAGES, FUNERAL EXPENSES, AND OTHER COSTS RELATED TO AN ACCIDENT.

• PIP INSURANCE TYPICALLY HAS A DEDUCTIBLE, THE AMOUNT YOU’LL PAY OUT OF POCKET BEFORE YOUR INSURANCE POLICY KICKS IN.

PIP insurance is one way to protect you in the event of a car accident financially. However, there are other things to consider as well. For example, you may want to purchase car insurance that includes collision and comprehensive coverage. Collision coverage will help pay to repair your car if it’s damaged in an accident, regardless of who is at fault. Comprehensive coverage will help pay to repair or replace your vehicle if it’s stolen or damaged by something other than a collision, like a weather event or vandalism. No one wants to be in a car accident. But if you are, having personal injury protection insurance can help ease the financial burden. Before purchasing a policy, ensure you understand the coverage limits and exclusions. And consider adding collision and comprehensive coverage to your car insurance policy to get the most comprehensive protection.

If you’re considering purchasing PIP or any other type of car insurance, be sure to compare quotes from multiple insurers to find the best coverage and price for your needs. No one wants to think about being in a car accident. But if you are, having the right insurance coverage can make a big difference. You may also want to consider other types of coverage, like collision and comprehensive, to fully protect yourself financially in the event of an accident. Fischetti Law Group is exceptionally equipped to address any ongoing or previous issues with your current insurance claims and the company on your behalf. Speak with an attorney one on one by calling (833) MIKE-247.