Life can change at a moment’s notice. A car accident can turn your entire world upside down. Accidentally running a red light leads to serious injuries, and serious injuries lead to expensive hospital bills. One of the benefits of no-fault insurance is having your medical expenses covered, even if you are responsible for the accident.
Benefits of No-Fault Insurance | Covering Your Medical Expenses
No-fault insurance, otherwise known as Personal Injury Protection (or PIP), helps pay for your injuries after a car accident, regardless of whose fault it was. In New York State, no-fault insurance coverage is required. While some people may groan at the thought of being forced to pay for an extra premium on their existing coverage, no-fault insurance is absolutely necessary. You never know when an accident might happen.
Depending on your policy, no-fault insurance might also cover your health insurance deductible, lost income, and — if worst comes to worst — funeral expenses.
Benefits of No-Fault Insurance | Coverage Limits
There are typically coverage limits on no-fault policies. However, additional coverage can be purchased to increase your PIP cap. This isn’t required, but it is always a good idea. For example, if you are injured with other passengers in the car, you might not have enough no-fault coverage to pay for all medical expenses, which will then require you to pay out of pocket.
Call Our Office to Learn More
No-fault insurance is extremely beneficial and highly recommended. If you have any more questions about the different types of insurance coverages in New York State, please contact the experienced car accident lawyers at the Law Offices of Brian J. Elbaum today.