What is additional PIP coverage? When searching for discount auto insurance do you need it? First you need to understand what you PIP coverage is, PIP stands for Personal Injury Protection. It’s the coverage in your auto insurance policy that pays your medical bills if you are injured and were found at fault in an accident.
OK that was simple enough to understand. Medical coverage is provided under my auto insurance if I am hurt in an auto accident.
So, what is Extra PIP (Personal Injury Protection)? It may be confusing because it doesn’t actually pay any medical bills at all. It gives you coverage under your auto insurance for costs you have that are from you being injured in an auto accident.
Four coverage’s make up your Extra PIP; Income Continuation, Essential Services, Death Benefit and Funeral Expenses. Let look closer so when you decide to get free auto insurance quotes you will be able understand the coverage’s included.
Income Continuation establishes a set monitory award to you if you are unable to work. The coverage is available in different increments from $100 to $700 per week. You are also able to select if you want the coverage available for 2 years or up until the age of 65. The payments of this coverage are only available if your short term disability is under 60% of your regular pay or the benefits from your state have expired.
Essential Services is a coverage that pays for services you can no longer perform because you are hurt. This would include things like cutting your grass or shovel snow in the winter. There are only two daily limit options $12 or $20 per day and total benefit range is $4,380 to $14,600 depending on the coverage you select.
Death Benefits are paid in the event that you die due to an automobile accident. The benefit will pay out from $5,200 to $10,000 depending on the option you choose.
Funeral Expenses are paid in the event that you pass away due to an auto accident. This benefit will pay either $1,000 or $2,000 depending on the option you decide on.
There are a total of 17 Additional PIP different options available. Additional PIP coverage may not be available in all states. When searching for a discount auto insurance policy if Additional PIP is available make sure you choose the option that is best for you.