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Web2 days ago · Rate definition: The rate at which something happens is the speed with which it happens. Meaning, pronunciation, translations and examples WebPersonal injury protection (PIP) coverage. PIP is a coverage in which the auto insurance company pays, within the specified limits, the medical, hospital and funeral expenses of the insured person, people in the insured vehicle and pedestrians struck by the insured vehicle. PIP coverage is typically available in no-fault automobile insurance ... WebCommunity rating refers to a health insurance pricing system where health insurers can’t charge people within a geographic area higher premiums based on their age, gender, health status, or claims history. Since 2014, the Affordable Care Act has required health insurers to use a modified form of community rating that allows premiums to vary ... chicago st pat parade