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Personal injury protection (PIP) is an extension of car insurance available in some U.S. states that covers medical expenses and, in some cases, lost wages and other damages. PIP is sometimes referred to as "no-fault" coverage , because the statutes enacting it are generally known as no-fault laws, and PIP is designed to be paid without regard ...
PIP insurance covers the medical bills of drivers involved in an accident, regardless of who is at fault. The idea behind the creation of PIP insurance was that it would reduce the number of ‘ pain and suffering ’ or ‘loss’ lawsuits, thereby reducing insurance company payouts and ultimately reducing insurance premiums.
PIP offers immediate payment for covered medical and other expenses as a result of a car accident. PIP insurance is required in Delaware at a minimum of $15,000 per person and $30,000 per accident ...
Instead, you can use your Michigan PIP insurance to file a direct first-party claim with your own insurance company for coverage of medical bills and associated costs after you, a passenger in ...
A Health Reimbursement Arrangement, also known as a Health Reimbursement Account (HRA), [1] is a type of US employer-funded health benefit plan that reimburses employees for out-of-pocket medical expenses and, in limited cases, to pay for health insurance plan premiums.
It also covers you as a passenger in someone else’s vehicle. If you include PIP coverage on your car insurance, it may cover: Medical costs. Lost wages. Funeral expenses. Childcare. Household ...
The best car insurance company will vary for each driver as insurance rates, coverage requirements and comfort with risk will differ for each person. If you want to find the best car insurance ...
Ke is the risk-adjusted, theoretical rate of return on a Company's invested excess capital obtained through external investments. Among other things, the value of Ke and the Cost of Debt (COD) [6] enables management to arbitrate different forms of short and long term financing for various types of expenditures. Ke applies most prominently to ...