Do I Need Personal Injury Protection?
It’s estimated that 1 in 5 Nevada drivers are uninsured, and far more carry insufficient coverage. If you are hit by an uninsured or underinsured motorist, you may not be able to count on their insurance company to pick up the hospital bill. A car accident may not only damage your vehicle, but it can also leave you with hefty medical expenses and lost wages. Whether or not you’re responsible for the accident, those financial burdens may fall on you. Personal injury protection provides you with a way to recover after a car accident without the worry of financial hardship. Keep reading to learn more about this type of auto insurance coverage and to decide whether it should be included in your policy.
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PIP is not offered in Nevada on auto policies.
But, Medical Payments is, and covers anyone injured in your vehicle in the event of an accident.
What Is Covered by Personal Injury Protection?
Personal injury protection, or PIP, covers any bodily injuries that you or your passengers may incur as the result of a car accident. This coverage pays out benefits regardless of who is responsible for the accident, so whether you caused the accident or you were hit by an uninsured or underinsured motorist, it can help take care of any expenses that may arise. For example, personal injury protection can be used to cover:
- Medical costs
- Disability or loss of income
- In-home services
- Funeral expenses
When adding personal injury protection to your policy, it’s important to consider how much coverage you will need. PIP is not required in Nevada, therefore there is no minimum amount that you have to carry. Carefully consider your expenses, your income and any other factors that may be affected if you were injured in an accident.
I Have Health Insurance; Do I Need Personal Injury Protection?
If you have health insurance, you may wonder if there is any benefit to adding PIP to your auto insurance policy. However, there are a few things to consider. For example, most health insurance policies do not cover lost wages, whereas PIP does. Unlike health insurance, PIP has no out-of-pocket deductible that must be met; it pays out until your policy limit is reached. Finally, while you may have health insurance coverage, your passengers may not. PIP would cover their medical expenses if they were injured at the time of the accident.
Making a Claim: Will My Rates Go Up?
Even policy holders that have PIP may hesitate to file a claim out of fear that doing so could cause their rates to go up. Fortunately, Nevada’s insurance laws prevent insurance companies from cancelling or refusing to renew your policy or raising your rate, unless you were responsible for the accident.
Do I Have Personal Injury Protection?
All car insurance policies are different, and the only way to know whether you have personal injury protection is to check your own policy coverages and levels. If you need help wading through the legal jargon, your auto insurance agent can review your policy with you and make you aware of any gaps in your coverage.
Read More: Auto Insurance in Las Vegas, Nevada
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DISCLAIMER: It is important to note that the information contained herein is made general for the purpose of explanation. You should consult your policy for exclusions or other language that may alter your policy.