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Personal Injury Protection (PIP)
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DEDUCTIBLE OPTIONS In addition to any savings you may realize from how much coverage you buy, deductibles also provide savings opportunities. Cost savings can be achieved by choosing higher deductibles. Thus, if you feel you need a high level of PIP coverage but want to reduce your premium, you can save money by agreeing to pay more out-of-pocket through a higher deductible if you are injured in an auto accident. Your insurer will pay the medical bills over the deductible amount you choose. No matter what deductible you choose, there is also a 20 percent co-payment for medical expenses between the deductible selected and $5,000. That means you pay 20 percent, and your insurer pays 80 percent, after you pay the deductible.
HEALTH CARE PRIMARY Cost savings can also be achieved by using your own health insurance as a primary source of coverage in the case of injury related to an auto accident. Before selecting this option, you should find out if your health insurance will cover auto accident injuries and how much coverage is provided. MEDICARE and MEDICAID cannot be used for the Health Care Primary option. EXTRA PIP PACKAGE COVERAGE These are additional benefit options provided under the STANDARD POLICY. INCOME CONTINUATION If you cannot work due to accident-related injuries, this coverage pays lost wages, less Temporary Disability Benefits you may receive if your disability prevents you from working, up to the amount you select. ESSENTIAL SERVICES Pays for necessary services that you normally do yourself, such as cleaning your house, mowing your lawn, shoveling snow or doing laundry if you are injured in an auto accident. DEATH BENEFIT In the case of death, family members or estates will receive any benefits not already collected under the income continuation and essential services coverages. FUNERAL EXPENSE BENEFIT Pays for reasonable funeral expenses up to the limit you select if you die as a result of an auto accident.
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A-705 (5/09)