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Personal injury protection (PIP) – This compensates for medical bills for you and your passengers, in addition to lost wages and non-medical costs, regardless of fault. All Texas policies are ...
In Texas, PIP coverage will cover medical expenses, eighty percent of lost wages, and someone to take care of the injured party. Some states also allow for PIP claims even if a workers' compensation claim exists, while others do not. Some states PIP is the insurance of first resort to pay for medical bills when injured in an automobile accident ...
Personal injury protection coverage (PIP): Personal injury protection is a requirement in states that have no-fault laws. If you get into an accident, PIP can pay for your medical bills, lost ...
Loan/lease payoff coverage, also known as GAP coverage or GAP insurance, [15] [16] was established in the early 1980s to provide protection to consumers based upon buying and market trends. Due to the sharp decline in value immediately following purchase, there is generally a period in which the amount owed on the car loan exceeds the value of ...
Personal injury protection (PIP) is similar to medical payments coverage in that it pays for you and your passengers’ medical bills no matter who’s at fault in the accident. It can also cover ...
Some home insurance policies include personal injury coverage. [31] Despite the general distinction between bodily injury and personal injury in insurance contracts, auto insurance known as personal injury protection (PIP) does cover medical expenses from bodily injury. [32] This type of insurance is available in some states, but not others.
Concerned about the high rates of automobile insurance, Pennsylvania enacted mandatory personal injury protection (PIP) insurance coverage in the attempt to reduce the number of lawsuits resulting from automobile accidents. [1] PIP insurance covers the medical bills of drivers involved in an accident, regardless of who is at fault.
The average annual car insurance rate in the U.S. is $2,014 for full coverage, which includes optional collision and comprehensive coverage. In Texas, the average annual 12-month rate is slightly ...