Daily Juice 082 – Auto Policy – PIP, Roadside Assistance & Rental Reimbursement

Daily Juice 082 – Auto Policy – PIP, Roadside Assistance & Rental Reimbursement

I am continuing my discussion about different parts of the Auto policy.

Medical Payments or Personal Injury Protection (PIP)

This coverage pays for the treatment of injuries to the driver and passengers of the policyholder’s car. At its broadest, PIP can cover medical payments, lost wages and the cost of replacing services normally performed by someone injured in an auto accident. It may also cover funeral costs.

Roadside Assistance

Many insurance companies offer this optional coverage. If you need a tow or service for a flat tire or dead battery, roadside assistance will provide that service for a nominal premium.

Rental Reimbursement

If your car is in the shop for several days and you need a vehicle, this coverage will provide that for you for a nominal premium.

Now, you should be able to pull out your policy and review it. If it looks like you don’t have enough coverage, contact your insurance agent or go online and price out adding more coverage.

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Anna Sergunina
Anna Sergunina

I passionately believe that in order to live a life of fulfillment and joy, we must genuinely serve each other in any way possible. I found my mission in life to serve others via financial planning. Anna regularly writes about personal finance. Her work appears on Business Insider, Nasdaq, Nerdwallet, among others. Anna is the creator of Money Flow system.

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