Many refer to Personal Injury Protection (PIP) as no-fault insurance. PIP insurance covers you and any relatives residing in your household for injuries sustained in an automobile accident regardless of who is at fault. This coverage pays 80% of reasonable and necessary medical bills and 60% of lost wages.
Who is entitled to PIP benefits Florida?
In Florida, PIP coverage is required to be purchased by all owners of motor vehicles registered in this state. PIP coverage makes the individual responsible for their own injuries in an accident regardless of fault.
How does PIP pay Florida?
PIP coverage pays 80 percent of medical bills incurred because of the crash up to the policy limit. It pays 60 percent of lost wages if the injured individual cannot work. If a person needs replacement services, PIP coverage pays 100 percent for these losses.
What is the maximum PIP coverage in Florida?
Personal Injury Protection Insurance Requirements\n\n Drivers must be insured with PIP coverage in Florida and property damage liability (PDL) at the time of vehicle registration. Drivers must have a minimum of $10,000 in PIP and a minimum of $10,000 in PDL.