No-Fault Insurance

Answer:

No-fault insurance, also known as PIP or P.I.P. insurance coverage, is required in the state of Florida. Everybody that has a car out there on the road has PIP coverage. Essentially, under this coverage, if you were injured arising out of the use, operation or maintenance of a motor vehicle, your medical bills would be paid for by your own auto insurance company without regard to fault. PIP typically pays 80% of medical bills, up to $10,000. You may also have purchased what they call a MedPay policy that will cover the other 20%, but standard PIP pays 80% of your medical bills up to $10,000.