Personal Injury Protection. The section of an auto policy in a no-fault state that responds to physical injury, loss of income, etc., of the insured regardless of fault.
Pays limited medical and funeral expenses if you, a family member, or a passenger in your car is injured or killed in a motor vehicle accident. PIP also pays lost-income benefits and generally costs more than simple Medical Payments mentioned above. PIP must be rejected in writing at the time an insurance policy is bound for coverage.
Personal Injury Protection. This is a formal name for no-fault coverage in states that have mandatory or optional no-fault auto insurance. PIP offers coverage for medical expenses, loss of wages, accidental death and funeral expenses.
PERSONAL INJURY PROTECTION. This is an endorsement that adds No-Fault benefits. No-Fault means that in the event of an automobile accident, each party collects from his or her own insurer regardless of fault. No-Fault benefits are limited to the injured person's actual economic loss and are paid as specified by the law of the insured's state. Payment could be made for such losses as loss of earnings (resulting from bodily injury) and medical and funeral expenses. Other expenses can also be considered. The PIP endorsement is only available in certain states with No-Fault Laws. The endorsement applies only to bodily injury and not to property damage. (As of the date of this writing, The State of Michigan is the exception to property damage.) No-Fault Laws vary widely from state to state. Back to list of terms.
Personal injury protection. Auto insurance required in many no-fault states, which pays extensive medical expenses, lost wages, and a small death benefit for the driver and all passengers. PIP usually comes with a 20 percent deductible.
Personal Injury Protection. Compensates medical costs and lost wages to the insured or any other passengers in the insured's vehicle after an accident. Also known as medical payments coverage.
personal injury protection. The extent of coverage varies by state, but it generally pays for medical and rehabilitative expenses, work loss, funeral expenses and replacement services incurred by the insured, members of the insured's family, passengers in the insured's vehicle, and pedestrians injured by the insured's vehicle as a result of an accident. Coverage damages are paid regardless of who is at fault in the accident. This coverage may not be available in all states.
An acronym for Personal Injury Protection (see Personal Injury Protection).
Personal injury protection. coverage present in no-fault states which pays medical, loss of income, death and/or disability and loss of services incurred as a result of an auto accident. In Maryland , all vehicles carry PIP insurance absent an express waiver from the insured.
Personal Injury Protection: An insurance policy that provides personal injury protection
Personal Injury Protection. Personal injury protection (PIP) coverage applies to basic expenses for an insured in states with no-fault auto insurance.
These policies refer to no-fault benefits in states that have enacted mandatory or optional no-fault auto insurance coverages. Generally, PIP includes benefits for medical expenses, loss of work income, accidental death and funeral expenses.
Personal injury protection. This part of an auto insurance policy pays for medical expenses and lost wages to you and any passengers in your vehicle after an accident. PIP is also known as medical payments coverage.
Personal Injury Protection. A no-fault type of coverage that pays the insured, relatives living in the insured's home, passengers other than family members, and licensed persons who drive the car with the insured's permission for certain accident related medical expenses regardless of who caused the accident.
Personal Injury Protection. A broader form of medical payments insurance coverage under the no-fault concept. PIP offers protection for expenses actually incurred, up to a specific, per-person dollar amount. States with no-fault laws require drivers to buy PIP. It also is offered as an optional coverage in some states without no-fault laws. Coverage varies from state to state.
Personal Injury Protection. This a package of medical benefits that provides broad protection for medical costs, lost wages, loss of essential services normally provided by the injured person (i.e. a babysitter, housekeeper), and funeral costs. It is usually associated with a no-fault auto insurance system.
Personal Injury Protection. This a package of medical benefits that provides broad protection for medical costs, lost wages, loss of essential services normally provided by the injured person (i.e. a babysitter, housekeeper), and funeral costs. This coverage is mandatory in Colorado. The minimum limits are $50,000 medical (5 years), $50,000 rehabilitation (10 years), approximately $20,000 lost wages (based on loss of gross income per week), approximately $10,000 for essential services, and a $1,000 death benefit-this adds up to about $130,000 of coverage.
Personal Injury Protection. A type of coverage in an auto policy that pays for medical costs in case of an accident.
PERSONAL INJURY PROTECTION. Coverage present in no-fault states which pays medical, loss of income, death and/or disability, and loss of services incurred as a result of an automobile accident. This coverage is not part of auto insurance policies issued in Maine.
Personal Injury Protection. Implements the no-fault concept. PIP offers protection for expenses actually incurred, up to a specific, per-individual dollar amount. States that have no-fault laws require drivers to buy PIP. Similar coverage may be offered as an option in some states without no-fault laws. This coverage varies from state to state but usually includes medical expenses, lost wages, essential services and a death benefit.
Personal Injury Protection. Personal Injury Protection (PIP) is also known as no-fault insurance. It is a mandatory coverage in some states, particularly those that do not have Medical Payments. PIP provides insurance for medical costs, loss of earnings, additional living expenses, and funeral costs for occupants of the insured automobile and pedestrians other than those insured under other policies. The options vary by state and insurance company. The amount of insurance you purchase is dependent on several factors, including your health insurance benefits, short-term and long-term disability benefits as well as family composition. Discuss these issues with an agent to determine what is right for your situation.
Personal Injury Protection. An automobile insurance coverage mandated by law in some states. The statutes typically require insurers to provide or offer to provide first-party benefits for medical expenses, loss of income, funeral expenses and similar expenses without regard to fault.
Personal Injury Protection. First party no fault coverage in which an insurer pays, within specified limits, the medical, hospital, loss of work income, and funeral expenses of the insured.
Also known as personal injury protection or medical payments coverage. This part of an auto insurance policy pays for medical expenses and lost wages to you and any passengers in your vehicle after an accident.
PERSONAL INJURY PROTECTION. the no-fault portion of an auto policy that pays for insureds' medical costs, lost wages, loss of services, or death due to physical injury arising from use of or contact with an automobile. (See F.S. 627.730 – 627.7405)