Personal Injury Protection (PIP) insurance is a type of auto insurance coverage that provides medical and financial benefits after a car accident. It is designed to cover the medical expenses, lost wages, and other related costs resulting from an accident, regardless of who was at fault. PIP i...
Danzon, P The Effects of Shifting Medical Expense From PIP Auto Coverage to First-Party Health Insurance. In: Gustavson, S, Harrington, S eds. (1993) Insurance, Risk Management, and Public Policy. Kluwer Academic Publishers, BostonDanzon, Patricia. 1993. The Effects of Shifting Medical Expense...
“first party” coverage, meaning that the injured person gets the benefits from his own insurance policy without having to sue, regardless of who caused the accident—hence the “no-fault” name. In exchange for the benefits, restrictions are placed on the person’s ability to bring...