PIP auto insurance is required in 12 states. 31 states, including California and Illinois, do not offer PIP coverage. PIP covers medical expenses, funeral expenses, lost income, childcare expenses, survivors' loss benefits, and household services. PIP does not cover vehicle damage, property damage, or injuries sustained by people outside your car. Jun 18, 2020 · FHA. To qualify with commission income, the borrower must provide copies of signed tax returns for the last two years and their most recent pay stub. Commission income must be averaged over the previous two years. When we look at the two-year history, the goal is to verify that there’s a stable history year-over-year..