Personal injury protection also known as PIP not only covers the medical and hospital expenses in case one meets an accident and is insured under PIP but also helps to meet other expenses during the healing period. Despite variation by state, these benefits may include:
- Loss of service
- Income continuation
- Funeral expenses
- Child care expenses
Generally these expenses are not a part of the budget and also not covered adequately under health insurance.
How much personal injury protection is sufficient?
Consider purchasing as much PIP insurance a you can afford so that in case of injury you have additional coverage beyond what your health insurance coverage offers. However, the choice is limited by following factors:
- High cost of health care
- Cost of higher coverage limits
- Deductibles or co-payment arrangements
- Savings for retirement or education
How much does the personal injury protection cost?
PIP is neither the most expensive nor the least expensive on your policy. It lies in the middle of the spectrum. The good thing about PIP is that it can supplement your regular health insurance plan.
The attorneys by Lyle B. Masnikoff and Associates have tremendous experience in workers’ compensation law and maintain a high standard of excellence in the representation of injured workers. They are dedicated to assisting the clients fight for their rights and benefits and go to great lengths to solve their problems.