What Does "PIP" Stand for?
PIP stands for Personal Injury Protection.
What Does PIP Insurance Cover?
PIP benefits are benefits that are paid to you if you are in an accident that involves a vehicle, regardless of who is at fault. Even if you are riding a bike or walking when hit by a car, your PIP insurance will cover your injuries.
In Florida, PIP insurance covers 80% of your medical bills and 60% of your lost wages up to $10,000. If you are in a serious accident, the $10,000 will be used up quickly.
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15 years ago
Yes, PIP insurance is of great help to us following an accident. It not only covers our medical bills, but it also covers for our lost wages. Many of us who have health insurance are truly hesitant whether to apply for PIP insurance policies. We shouldn't get confused between the two. Health insurance can be used under various other circumstances wherein it fits more appropriately.
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