What is personal injury protection insurance?

Personal Injury Protection insurance (PIP) is a type of insurance coverage found in New Jersey that helps cover medical costs for people injured in an automobile accident. PIP is a form of no-fault insurance, meaning that your own insurance company pays for your medical costs, regardless of who was at fault for a car accident. It covers medical expenses, lost wages, and even funeral expenses, if necessary. The New Jersey Department of Banking and Insurance requires that all auto insurance policies bought in New Jersey have at least $15,000 for personal injury protection coverage. PIP coverage is offered by most companies and can also be purchased from the New Jersey Insurance Underwriting Association (NJIUA). PIP insurance is especially important if you don’t have health insurance, as it helps cover the costs of medical bills that can add up quickly. PIP is also beneficial if you are injured by an uninsured driver, as the insurance company can still cover your medical expenses. In addition to covering medical bills, PIP insurance can also pay for rehabilitation services, lost wages due to being unable to work due to the accident, and even death benefits for the family of the deceased if necessary. It is important to know how much PIP coverage you have, and if you have any questions, you should talk to an insurance agent.

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What is personal injury protection insurance?

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