The amount you pay for medical and/or wage benefits before the insurance company starts paying.
The Personal Injury Protection portion of your policy provides for the payment of medical bills and lost wages if you are injured in an auto related accident. As the name implies, the deductible is the amount that you pay first. The insurance company will start paying for your costs after that.
Not all companies represented on iSCHURING have PIP deductibles and the ones that do can vary the deductible amount from $100 to $500. Make sure to review the quote carefully to determine the actual deductible amount.
In general, if you can afford to pay the deductible amount, opting for the PIP deductible will save you premium versus not having one. If you are quoting multiple cars the savings can start to add up. Especially, if you go several renewals without having a PIP claim.
For more information or help, Call Us Today at 269-381-9442 or 1-888-378-7464 and one of our iSCHURING agents