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.
What is the Statute of limitations for Pip in Florida?
- “PIP” suits are governed under Florida statute 627.736 with a statute of limitations of 5 years. “PIP” stands for personal injury protection and in “no-fault states” like Florida; it is required insurance coverage through your personal auto insurance company.
How much is PIP insurance in Florida?
- Florida law sets specific amounts for PIP. The coverage amount is $10,000, and you cannot get PIP for a higher or lower amount. You can lower your premiums by setting a higher deductible, but the maximum is $1,000. Some people also save money by excluding lost income or limiting PIP coverage to themselves.
How does PIP work in Florida?
- PIP (personal injury protection) insurance is mandatory for every registered vehicle owner in Florida. The proceedings surrounding PIP are outlined in Florida Statute § 627.736. The way PIP works in Florida is by providing up to $10,000 in medical and disability payments for anyone who is injured in a car accident. PIP insurance also provides up to $5,000 in death benefits for car accident fatalities.
Is Pip required in Florida?
- PIP is generally required in No-Fault states, including Florida. The purpose of PIP is to reduce the number of lawsuits. Personal injury protection is thus designed to ensure that your medical bills are covered without the need to sue the other driver over small amounts.
PIP covers 80 percent of all necessary and reasonable medical expenses up to $10,000 resulting from a covered injury, no matter who caused the crash. PDL coverage pays for damage to another person's property caused by you or someone else driving your insured vehicle.