How Can PIP Insurance Help Me After an Auto Accident?
As a resident of New Jersey, you probably had to choose PIP coverage when purchasing your car insurance policy. You may think that this is just another added-on piece of insurance that you will never use to rack up your bill. But you are very mistaken. In fact, PIP may be the most important part of your policy.
Personal Injury Protection insurance, better known as PIP, is used to cover any medical bills or other expenses that can accrue when you are injured in an auto accident. It can also cover the medical bills of any passengers in the vehicle at the time of the accident. In addition to medical coverage, PIP can also provide funds for lost wages as well as survivor benefits and funeral expenses if the insured person had died in the accident. However this all depends on what limits you have on your policy.
Since New Jersey is a “no fault” state (which means your insurance covers your medical bills, not the other party’s insurance), the state requires each driver to have a minimum insurance amount of $15,000 per person per accident. Without this coverage, you can lose your license for up to a year, receive a fine of up to $5,000 and may even spend time in jail.
So why do you need to sue the other driver if you’re covered for all these expenses? Although PIP is helpful if you get into an accident there are limits to what this insurance can do for you. If you get into a serious accident that has you spending a long time in the hospital, than your insurance may run out before your treatments do. This means you’ll be responsible for any medical bills not paid by your insurance. PIP also does not compensate you for any pain and suffering you may have after the accident.
If you get into an accident and your insurance won’t cover your medical bills, you’re going to need an experienced lawyer by your side. The Law Offices of Anthony Carbone has been handling these type of cases for more than 26 years. Contact us today for a free consultation.