What is personal injury protection?
The Bankrate.com financial term of the day is: "personal injury protection."
Personal injury protection is also known by the acronym "PIP." It's a part of your auto insurance policy that pays for accident-related medical expenses for you and your passengers, even if another driver was to blame for the crash. Personal injury protection also might provide compensation for lost wages during recovery time and may even pay death benefits if the crash is fatal. PIP is optional in most states.
When you need financial help getting back on your feet after a car crash, you can rely on PIP, the personal injury protection coverage in your car insurance.
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