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.
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.
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.