FLORIDA– Floridabar.org writes that that “PIP,” which stands for “Personal Injury Insurance,” covers drivers for costs affiliated with crashes even if the accident is not their fault. The concept of PIP is that it is intended to reduce the incentive to sue after a wreck. The insurance covers medical costs and other common expenses related to vehicle collisions. While it will not cover everything, it is meant to cover 80 percent of the medical expenses, 60 percent of lost wages, and provide $5,000 in death benefits for victims of collisions.
The coverage provided by this insurance will vary depending on whether the crash took place in the state or elsewhere in the country or Canada. In Florida, insureds and family members with whom they reside are covered. PIP will also be extended to some passengers if they do not own a car, and to those who may borrow your vehicle as long as they do so with your permission.
PIP also provides coverage to cyclists and pedestrians and will cover the insured for injuries that are the result of violent attacks such as a car-jacking.
In cases where the insured is involved in a crash somewhere in the United States or Canada, but not in Florida, then the coverage only extends to the policyholder and family with whom they reside. The coverage in these circumstances only applies when the vehicle belongs to the insured, and it will not be extended to passengers, those who borrow the car or to pedestrians and cyclists.
Drivers are legally required to carry a minimum insurance policy. However, many motorists also carry additional coverage for a variety of other situations in which additional costs may stem from a crash.
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