There are lots of different types of coverages you can purchase with an auto insurance policy, including one that people call PIP. PIP stands for personal injury protection, and it is a great form of coverage to have. If you do not know what it is, it is important to know so that you see the importance of purchasing it with your auto insurance policy. Here are several things to know about what PIP is.

It Covers Medical Costs

The main purpose of PIP insurance is primarily to cover medical costs after an accident occurs. One key thing to understand about PIP coverage is that this is coverage for you. It is not the same thing as liability coverage, which is designed to cover medical bills and expenses to others. PIP is strictly for you, and it is basically designed for situations in which you are the at-fault driver in some type of collision. If you have health insurance, you might think you do not need PIP, but you really do. PIP will kick in and help cover medical bills where your insurance lacks.

It Covers Lost Wages

The second thing that PIP offers is coverage for lost wages. If you have to miss work due to your recent car accident, you could file a claim with your PIP coverage to provide compensation for you. The amount of coverage you would have depends on your policy limits, but this type of coverage would be highly beneficial for a time when you lose money from wages due to the injuries you are experiencing from an accident.

It Covers Your Passengers Too

The other key thing that PIP covers is expenses for medical bills, lost wages, and similar things for anyone who was in your car while the accident took place. PIP not only covers you, but it also provides coverage for your passengers. Additionally, if someone dies in your car, PIP may compensate their family in many ways, including covering the costs for a funeral. As you can see, PIP provides a lot of significant types of coverages, and it is not a type of coverage you should go without.

While you might not be legally required to have PIP coverage, it is certainly a type of coverage you should consider having. It will protect you if you are ever injured in an accident, and you can learn more about it by calling an auto insurance agency like Webers Insurance Service Inc.