With road accidents on the increase everywhere, ensuring you have personal injury protection really is a necessity. This becomes increasingly important when you have a family that depends on you and mortgage repayment responsibilities to name a few examples. Often personal injury protection or PIP is incorporated into a larger insurance policy which may cover disability, life and terminal illness for instance but can be a stand alone plan as well. No-one would complain about the necessity of such insurance plans but with the ever increasing cost, they cannot always justify the cost.Unfortunately however, it can be very costly in other ways if the cover is not appropriate or does not cover the intended items. Throughout most parts of America today, injury insurance has become required by law but the cover required seems to vary considerably from state to state. This disparity is best illustrated by the huge difference in cover required by citizens in Alaska compared to those Florida where ten times as much is needed. Many people take out personal injury protection plans even if they currently live in a state that does not require it by law.A large amount is paid out against these plans for the insured and any person traveling with them, up to four fifths of the costs. These ‘no fault' plans cover almost every conceivable bill, even if the accident was the fault of the policy holder! As there can be considerable costs involved with purchasing this type of cover it is worth looking carefully at any current insurance policies you have to see if any of those areas are already catered for; which could lower the amount of protection cover you would need if you took out a new plan. It could be that the cost of lost wages and medical bills may be recovered through an existing health insurance policy.
So, the good news is that in some cases, no further cover will be required whereas you may have to arrange a small policy in others. There are some other factors to consider though as to whether you actually need personal injury protection; one being your current driving record. Health insurance plans will often cover the main policy holder as the driver and providing the passengers are relatives, it will usually cover them as well if they are injured. If any of your regular passengers are inadequately covered or not covered at all, you will need personal injury protection in order to keep them covered.
Every driver has a responsibility to look after the safety of the passengers they carry in the vehicle. Although you may feel fortunate if you reside in a state that does not require personal injury protection by law, that should not stop you from obtaining it for your own peace of mind. Your personal circumstances will dictate just how much insurance you need so the better your health is and the less claims you have made, will help to reduce the policy costs overall. Irrespective of your personal situation, thorough research in this complicated area is a necessity if you want to have a safe and enjoyable driving future without financial worries if something untoward happens.
about the author:
Francisco Segura owns and operates http://www.electricianweb.com/commercial-electrician.html Commercial Electrician
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