When you buy or renew your automobile insurance policy ask for Optional Basic Economic Loss coverage which is also known as OBEL.
OBEL provides you greater coverage than the mandated $50,000 coverage for Mandatory Personal Injury Protection or PIP or No Fault.
The $50,000 PIP coverage covers medical and lost income. For a few dollars more you can enlarge your PIP coverage through OBEL. For example, I reviewed a client’s policy today. He purchased OBEL coverage of $25,000 for a mere $9. He now has a total of $75,000 to cover his medical and lost income in the event of a very serious injury.
You can also purchase OBEL for higher amounts, such as $50,000. That would bring your total PIP coverage to $100,000. It is a worthwhile expenditure. For a few dollars more you can provide your family, friends, and yourself added protection.
If you have been involved in an automobile accident please call me at 800-581-1434 to discuss your case.
Mark E. Seitelman, 12/17/08, www.seitelman.com.