Quote:
Originally Posted by RockCrusher
I'll visit my agent and go over what PIP coverage I have or can get. I found a good article on Personal Injury Protection insurance (as it works in Arkansas).
I'll paste the PIP specific info:
Personal Injury Protection (PIP) is a coverage option that covers medical expenses and, in most cases, lost wages — regardless of who is at fault for an auto accident. In Arkansas, you have three options for PIP, and you can choose to purchase one, two, or all of them together.
The first option is Medical Payments (sometime known as Med Pay), which provides compensation for doctor’s bills, X-rays, ambulance costs, and funeral expenses. PIP-Med Pay also covers medical payments for all passengers in your vehicle if they are injured in an accident.
The second option is Lost Wages, which covers lost wages with certain restrictions.
The third option is Death Benefits. This provides accidental death benefits should you or a loved one sustain injuries from an accident that result in death within one year of the accident. Each of these policies will provide you with a minimum of $5,000 in coverage. While Insurance companies are required to include minimum PIP coverage, you have the option to reject that coverage in writing. Another important aspect of PIP is that there is no deductible. So PIP payments are preferable over health insurance for some medical bills.
PIP coverage is comprehensive, and it doesn’t take into account who is at fault in an accident. That’s why it is always recommended that you carry PIP coverage on your auto insurance policy.
In looking into PIP and what coverage I have in going over insurance declaration pages now until my eyes burn there was an unexpected bonus albeit a bit of an embarrassing one...
I learned I made a mistake regarding the insurance cost of the M2.
The 6 month premium cost for my 2023 M2 is $650.83. For my 2024 230i xDrive it is $570.51.
|
Check on stacking to0 as it doubles the coverages if you have two vehicles or triples if you have three. I cannot recall if stacking is capped though.