What is the Florida no-fault law (PIP)?
Term used to describe any type of insurance contract under which their own insurance company, regardless of fault in the incident, pays insureds for losses. Eligible injured parties are entitled to reimbursement of 60% of their verifiable wages and 80% of reasonable and necessary medical expenses, and $5000 death benefit incurred as a result of a covered auto accident. In Florida, this is limited to $10,000 per loss. Florida law requires this coverage.
