Personal Injury Protection Law is an extension of car insurance available in some U.S. states that Covers Medical Expenses and, in some cases, lost wages and other damages.
Personal Injury Protection (PIP) Work in Florida Law
By law, Florida residents that own a vehicle are required to have Personal Injury Protection, also known as PIP, as a part of their automobile insurance coverage. In the event of an accident, it pays for your injuries regardless of who is at-fault. result from your car accident.
Is Personal Injury Protection Worth it?
However, if you have minimal coverage or no health insurance at all, PIP could ensure you aren’t left with a mound of medical bills that could force you to file for bankruptcy following an accident. Personal injury protection usually costs just a few dollars a month for between $10,000 and $30,000 worth of coverage.
How does PIP Coverage Work in Florida?
Florida automobile insurance laws require vehicle owners to have a minimum of $10,000 in PIP coverage. PIP provides compensation to drivers in an accident, regardless of who was at fault in causing the collision.
MolWhat does Personal Pnjury Protection Cover in Florida?
Personal Injury Protection (PIP) for Auto Insurance. Florida is one of ten states that have personal injury protection (no fault) auto insurance. The intention was to provide injured drivers up to $10,000 in immediate medical coverage in lieu of establishing fault through the court system.
How Much is PIP Insurance in Florida?
What sets apart Florida from other states is that only 80% of your medical costs will be covered by PIP. So if you have injuries which cost $10,000, PIP will only pay for $8,000 worth of that. Furthermore, if your injury is not considered an emergency, you will actually only be entitled to $2,500 worth of benefits.
What are the Two Motor Vehicle Insurance Laws in Florida?
In Florida, there are two motor vehicle insurance laws. They are the Financial Responsibility Law and the No-Fault law. It is important that you understand these laws because if you do not have the proper insurance, you can lose your driver license and license plate(s) and have to pay large fees to get them back.