I have heard of states with no-fault laws and PIP coverage. How does that differ from states with standard coverage?

Various forms of no-fault insurance do exist in some states. These laws usually require each person involved in an auto accident to pay his or her own medical expenses and lost wages. In fact, stricter versions of these laws disallow certain pain-and-suffering lawsuits. As a result, personal injury protection (PIP) is required by many no-fault states; PIP pays extensive medical expenses, lost wages and a small death benefit for the driver and all passengers. Both no-fault and PIP coverage are optional in some states, and PIP usually comes with a 20-percent deductible.

Bruce Matthews

C. Bruce Matthews, CWM®, CTEP®
Founder Of Truoptions

With over 25 years of
experience in aiding North
Carolinians, Bruce Matthews
is the choice as a
knowledgeable partner
to help you understand
your insurance and
financial options.