Personal Injury Protection (PIP) Coverage: Florida requires every insured driver have exactly $10,000 in PIP coverage. PIP covers about 80% of necessary and reasonable medical costs, hospital costs and funeral expenses, 60% of lost wages, and several other accident-related expenses of the insured, passengers in the insured’s automobile and any people struck by the insured – up to, but not to exceed that $10,000 threshold – regardless of who was at fault.
This is rarely sufficient to cover injuries sustained in a car accident.
PIP Insurance Details
All Florida Drivers are required to carry no-fault auto insurance, also known as Personal-Injury Protection (or PIP), except for bus drivers, taxis and motorcycles. As previously explained, PIP pays 80% of certain medical bills and 60% lost-wage benefits up to $10,000. The concept surrounding this law is that one should not have to wait to receive immediate medical care. This is why it is called “no fault,” your PIP insurance will pay doctors regardless of whether or not you or someone else caused the accident who who else has car insurance.