What is PIP insurance in New Jersey?

PIP stands for Personal Injury Protection. After a car crash, regardless of fault, PIP provides payment up to your applicable policy limits for your medical bills, lost wages, and essential services up to your policy limits.  Often, a minimum PIP policy will provide for $15,000 in medical payments, $12 per day for essential services, such as domestic help and transportation, and $100 per week for lost wages.  If a consumer of insurance desires better coverage, they can purchase PIP coverage up to $250,000 for medical expenses, $700 per week for lost wages, and $20 per day for essential services.    These benefits apply to the insured individuals and the members of their household.