No Fault, or Personal Injury Protection (“PIP”) benefits are a mandatory coverage provided in all Florida Auto Insurance policies.
Florida Law requires that drivers carry at least $10,000.00 in PIP benefits which pay at a rate of 80% for medical bills incurred and 60% for lost wages up to the aggregate limit, minus any applicable deductibles. PIP benefits are considered PRIMARY and will pay out before any other type of benefit and will reimburse reasonable medical expenses which are deemed medically necessary and related to a motor vehicle accident. Unlike certain contractual coverages, such as Medical Payment Coverage, which can supplement PIP benefits if purchased, insurance companies have no right of subrogation for Pip benefits paid. In other words, Pip is not paid back. Recent changes in Florida law have limited the amount of PIP that may be available to Florida consumers from $10,000.00 to $2,500.00, unless an injured person is diagnosed with having suffered an Emergency Medical Condition, or EMC as a result of the subject accident.