BUSINESS

What exactly is PIP (personal injury protection)?

A part of a car insurance policy, personal injury protection (PIP), also known as “no-fault insurance,” pays for medical bills resulting from a car accident.

Even if some policyholders and passengers do not have health insurance, PIP pays for their medical bills.

Health insurance may cover additional costs if the cost of necessary medical care is greater than the PIP limits of an automobile insurance policy.

When multiple people are injured in an accident, coverage is limited to a certain amount per person due to policies’ per-person maximums.

Individual injury security (PIP) takes care of the medical services costs connected with wounds supported in a car crash.

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