What is personal injury protection insurance?

Personal injury protection (PIP) insurance is a form of insurance required by law in New Mexico. It covers medical and other expenses for injuries sustained by the insured and their passengers in automobile accidents, regardless of who is at fault. PIP insurance may also cover lost wages, funeral costs, and other related expenses. PIP insurance coverage is designed to pay for medical bills and other costs quickly, without spending time and money haggling over who is at fault. New Mexico has a no-fault policy, meaning that the at-fault driver is not always held liable for the damages. Instead, PIP insurance pays for the damages, no matter who is at fault. This helps to keep medical costs down and remove the hassle from getting compensation for damages. PIP insurance coverage must meet the minimum requirements set by the New Mexico state government and can be purchased through an insurance provider. Premiums vary based on how much coverage is purchased and the specific policy chosen by the insured. It is important to understand exactly what is covered and the rules of your policy to ensure that you have the best coverage possible.

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What is personal injury protection insurance?

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