A car accident could damage more than your vehicle. Lost wages, medical bills, and other costs could add up fast, putting a dent in your finances. Your automobile policy comprises various kinds of auto insurance that offer protection in various circumstances in which you’d otherwise be economically liable.
However, personal injury protection or PIP could help defray such expenses and protect your family and friends following a covered accident. This policy is an extension of auto insurance, which is frequently termed “no-fault” coverage since it pays out claims regardless of who’s at fault.
The policy along with Property Damage insurance can protect your vehicle on the road while paying the bank. Here’s an overview of the two policies.