Accidents can happen to anyone, anywhere, at any time, and the injuries can negatively impact one’s physical health and financial situation. After an accident, medical and other associated costs can quickly pile up, placing a heavy financial burden on the victim. Personal injury protection (PIP) insurance is helpful in such accident occurrences.
Definition and Coverage of PIP Insurance
PIP is a category of insurance that covers accident-related compensation and relieves the financial burden of recovery for people who have been injured due to the negligence of others.