It's time to take a closer look at the type of auto insurance you have. For some people, the investment in Personal Injury Protection, most commonly known as PIP insurance, is the right option. This type of car insurance helps to cover the costs and expenses you face that are related to the injuries you suffered as a result of a covered accident. If you are involved in an accident that your auto insurance policy covers, this type of coverage can help to pay for some of the losses you've faced.
What Types of Expenses Does PIP Coverage Take Care Of?
Every policy is a bit different, but in most cases, PIP coverage will pay for losses such as medical and hospital bills. It may pay for costs that your health insurance does not cover for you in such an accident. It is important to learn more about your state's laws regarding PIP coverage since these do vary significantly. PIP coverage is not required in Colorado. However, for many people, it can be an important add-on to their current auto insurance policy, especially if their current health insurance just is not enough to protect you.
Some of the costs that PIP can provide, depending on your state's rules, may include:
- Child care expenses related to your need to remain in the hospital.
- Loss of services.
- Income continuation to ensure you can maintain your costs.
- Funeral expenses.
As you can see, these are expenses most health insurance providers will not cover for incidents related to medical expenses. Yet, these are very real costs you will have to manage if you are involved in such a car accident.
Should You Invest in PIP Coverage?
The first step is to find out what type of auto insurance applies in your situation based on where you live. Then you should take a closer look at your health insurance as well as your current auto insurance policy to find out what level of coverage is present. The good news is that, for most people, PIP is a rather inexpensive add-on to your current auto insurance policy. That helps to make it an easy addition to your financial protections no matter what you are facing.
Do you have enough coverage? Call Alliance Insurance Group at (888) 279-9701 for more information on Denver auto insurance.