What Are PIP Deductibles? Are They A Good Idea?

A PIP deductible is like any other deductible. If you have a $1,000 deductible, you will have to pay for the first $1,000 in medical bills and lost wages out of your own pocket. Also, you will not be reimbursed for any lost wages. This is a bad deal for you and a good deal for the insurance company.