Information about PIP Waiver

A PIP waiver is an attachment to an insurance coverage in states operating under a fault-based mostly car insurance model. In such states PIP coverage isn't mandated, giving particular person drivers the choice to safe this protection or waive it all together.  

In instances the place drivers select not to carry such coverage, a PIP waiver is hooked up to his or her auto policy. As you’ll uncover from reading this article, such a waiver often has penalties that drivers could not all the time understand.
To get started, let’s outline what PIP insurance is. PIP stands for “personal injury protection”. It is insurance coverage that pays medical expenses and lost wages for you, a passenger, or a pedestrian, after an accident in a car that you are operating or riding in. In some states you have the right to direct how the PIP money is paid out, while in other states the legislation requires doctors and medical facilities be paid first.