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Featured Article - What is PIP?

PIP is the acronym for Personal Injury Protection in auto insurance. This coverage pays for lost wages as well as medical expenses for both you and your passengers that are injured in an accident. PIP can also cover funeral costs in the unfortunate case of death. Currently 16 states require PIP, but it is questionable if it is a necessary insurance.

Chances are if you have decent health and disability insurances you don’t really need PIP. At the worst-case scenario you would need only the minimum amount required by law in your state. The following states are the ones where it is mandatory to have PIP:

• Arkansas

• Delaware

• Florida

• Hawaii

• Kansas

• Kentucky

• Maryland

• Massachusetts

• Michigan

• Minnesota

• New Jersey

• New York

• North Dakota

• Oregon

• Pennsylvania

• Utah

Usually PIP goes hand-in-hand with states that have no-fault insurance because it covers costs incurred due to an accident without a need to determine whose fault the accident was. Typically PIP covers smaller claims.