What are PIP benefits and what do they cover?

What are PIP benefits and what does it cover?

PIP benefits refer to benefits provided by PIP insurance, which stands for Personal Injury Protection insurance. This type of insurance is mandatory for car owners in Florida. PIP benefits cover medical expenses and lost wages related to personal injuries, regardless of fault. Whether you’re injured in an accident you caused or someone else caused, PIP benefits serve as the primary source of payment. The coverage has a maximum limit of $10,000, and some policies may include different deductibles. Generally, PIP insurance pays 80% of your medical bills, while you are responsible for the remaining 20%. In addition, it covers 60% of your lost wages.

PIP benefits, also referred to as personal injury protection, refer to mandatory coverage for all motorists in Florida. PIP benefits take care of 80% of your healthcare costs and 60% of your income loss, up to a maximum of $10,000.