One question that clients often have is: What is PIP Insurance? PIP is short for Personal Injury Protection. PIP is a required portion of all insurance policies in the State of Florida which services to pay 80% of all a persons medical bills and 60% of a person’s lost wages if they are injured as a result of an automobile accident. Your PIP insurance is called “no fault” insurance because it is not based on who caused or was at fault in the automobile accident. Therefore, if you are injured in an accident, your automobile insurance company is required to pay $10,0000 worth of your medical bills and lost wages that resulted from the automobile accident. However, it is important to note, that recent changes to PIP law now require that a medical doctor deem you to have an “Emergency Medical Condition” in order to qualify for the full $10,000. If your injuries are not found to be an “emergency medical condition” then you will be limited to $2,500.00 in PIP insurance.
Importantly, the law now requires that in order to receive payment for medical expenses and lost wages under your PIP insurance you must seek medical treatment within 14 days of the automobile accident. These are just a few facts to help you better understand the insurance benefits that are available to you under Florida law when you are injured in an automobile accident in the State of Florida. If you have questions about your PIP insurance coverage and your automobile accident please feel free to call my office at (407)415-9626.