What is the Definition of Personal Injury Protection Coverage/Pip?
Portion of an auto insurance policy that covers the treatment of injuries to the driver and passengers of the policyholder’s car.
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Annuity?
What is the Definition of Personal Injury Protection Coverage/Pip?
You can find random definition and meaning of insurance terms below:
What is the meaning of Claim Examiner
A person responsible for investigating and settling a claim.
What is the meaning of Collision Coverage
Pays for damage to an insured vehicle when it hits or is hit by another car or object, or if the car overturns. This coverage is subject to the terms, limits and conditions of your policy contract.
What is the meaning of Comparative Negligence
A doctrine of law that, in some states, may enable claimants to recover a portion of their damages even when they are partially at fault, or negligent. Each party's negligence is compared to the other's and a claimant's recovery can be reduced by the percentage of his or her own negligence.
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