What is "No Fault" Insurance in Florida?
"No fault" insurance refers to certain required insurance coverages on your auto insurance policy if you're a Florida driver. You're required to carry two coverages: Personal Injury Protection (often called PIP) coverage, and Property Damage coverage. Both have minimum coverage limits.
Personal Injury Protection ("PIP") CoveragePIP Coverage insures you and the occupants of your vehicle if you're injured in a car accident regardless of who is at fault for the crash. Personal Injury Protection covers 80% of your own reasonable and necessary medical expenses as well as 60% of lost wages up to the limits of the coverage. The minimum limits in Florida are $10,000.00. You can elect to exclude the lost wage coverage if you're currently not employed, and you can elect to carry a deductible on your PIP coverage.
Property Damage CoverageProperty damage coverage pays for damage you cause to other people's property. This could mean someone's car, or mailbox, or other physical property. It does not cover damage to your own property and it does not cover injury damages. The state of Florida requires drivers to carry $10,000.00 in property damage coverage, though you can elect to carry more coverage.
How does no fault insurance work if I've been in an accident?If you've been injured in an automobile accident, you should meet with an attorney to review your insurance policy and ensure your interests are protected. There are many attorneys who offer free consultations to review the facts of your accident, your injuries, and your insurance information. A qualified attorney can provide you with advice on how your auto insurance claim process will work after you've been injured in a car crash.