Personal Injury Protection (PIP): What Is It and Do You Need It?

To answer the second part of the question first, yes, everyone should have PIP.  And I encourage you to get as much as your carrier will provide you. It’s generally offered in increments of $2,500.00, up to about $10,000.00, although I have seen it higher than $10,000.00 on at least one occasion. My suggestion is that everyone should have $10,000.00 worth of PIP coverage, and I will explain why.

Generally, the reasons people should have PIP are that it’s very inexpensive and only on rare occasions will a claim make a person’s insurance rates go up (even then, I would strenuously argue that making a claim is worth it). It can be cumulative, and there is not a right of subrogation. Okay, so the terms “cumulative” and “subrogation” may have you reaching for Aleve, or perhaps liquid relief, but allow me to explain ... Click here for full article