Car Insurance and Personal Injury
Personal injury protection plan is a unique and innovative concept in the field of automobile insurance. The concept is not at all new but what is new is the provision for car accidents that may result into serious injuries to passengers or other people involved in the accident. If this happens, you will need a car insurance plan that will provide you with adequate coverage. This type of coverage is different from the normal insurance coverage as it offers long term medical care and rehabilitation services to those who are injured in car accidents. The services are also rendered at free of charge in case the person is injured seriously. But you need to keep in mind that the long term benefits are only available if the person is able to pay for his own medical expenses and rehabilitation services.
Car insurance coverage with long term medical benefits is known as PIP. The term PIP means “premium for immediate recovery”. The premium paid for this plan is equivalent to four to six percent of the total cost of repairing the vehicle. The medical expense benefit depends on a number of factors. The most important factor is the nature of the accident.
In case of minor car accidents, there is normally no legal protection for the driver. A PIP plan provides coverage for the passengers and other people injured in the car accident. It is also beneficial for the owner of the car. It is more expensive than the normal car insurance because the company expects to pay more money for an incident with higher severity. The price of PIP depends on various factors. Some of these are the age of the driver, the location of the accident, the type of vehicle used, the amount of damage done, and the extent of damage and injuries.
There are many benefits associated with the long-term medical care and rehabilitation offered through PIP. It is also a good idea to consider the additional safety features offered in some car insurance plans. For instance, anti-lock brakes and airbags may be provided in one package but not in others. The long term medical costs that come with auto accident PIP coverage are usually worth the price paid for it.
The costs of getting long term care for a family member could go up significantly, especially if the person is not able to work and needs continual medical care. In this case, people with a family health insurance coverage may not have the financial means to pay the cost. The costs could be spread across a large number of people in the family, resulting in a significant financial hardship for everyone. This is why an auto accident PIP is a good idea for families who need health care coverage for a while after an automobile accident.
Another reason for taking out car insurance with a PIP is the fact that it offers peace of mind, which all people want. If you are involved in an accident, you do not have to worry about whether or not you will be able to afford the expenses that arise from it. You do not have to wait until you have recovered from your injuries before you can find the right health care provider. Your health insurance coverage will take care of the expenses that arise from injuries sustained in an accident. If you have a PIP policy, you will not have to worry about these things.
Most people, when they first get their new car, automatically include their personal injury protection in their car insurance policy. This coverage is provided as a courtesy by most insurance companies. However, you can shop around and request that your insurance company to add additional coverage for personal injury. If they refuse, you should seriously consider buying it separately.
It should be relatively simple to understand why people decide to purchase personal injury protection with their car insurance. The benefits of doing so are very good for everyone involved. There is no question that you will be better off financially if you have this type of coverage in your policy. Even if you are not at fault in an accident, you may receive a settlement that is larger than you would without it.