Yes, you could be laughing at the hysterical commercial, think the mascot is cute, or enjoy seeing a personality or band that you love in a fun advertisement for auto insurance, but if you do not know the intricacies of choosing the correct coverages in your auto insurance policy, you can be crying in the end.
The New Jersey Supreme Court decision in Haines v. Taft (A-13/14-17) (079600) has now completely limited New Jersey residents’ ability to recover medical expenses that exceed what is indicated in their available Personal Injury Protection (PIP) coverage. In New Jersey, PIP covers your medical bills if you are injured in an accident. It is important to know that PIP pays your own medical expenses no matter who is at fault for the accident. That is why it is sometimes called ‘no-fault’ coverage.