Colorado Personal injury protection insurance (PIP), sometimes called no-fault insurance coverage, pays benefits related to personal injuries resulting from an automobile accident. Generally speaking, automobile liability coverage pays only if another driver or injured party successfully sues for damages or certain state-defined damage thresholds are exceeded. PIP is for you and your passengers; liability is for damages you cause. This coverage applies without regard to who was at fault in the accident. The coverage pays claims relating to injuries, but does not cover damage to a car, or to any other property.
Personal injury protection insurance can pick up the following kinds of losses, subject to policy terms:
- Medical expenses
- Funeral expenses
- Lost wages Accidents
That is why you have insurance. It is important to make sure you have the right insurance, and Colorado Insurance is here to help. If you’d like the additional protection that PIP can provide, like lost wages and substitute services expenses, you can always increase your limits to meet your specific needs. If you decide that PIP would be beneficial for you, the good news is that the coverage is reasonable. Colorado Personal injury protection usually costs just a few dollars a month. Call us today for more information.