What is no-fault insurance?


 

Video Transcription

No fault insurance in the State of Florida is also known as PIP insurance or PIP. That insurance is designed to assist individuals in getting medical treatment and have their lost wages reimbursed then they’re involved in an accident regardless of fault, which is why it’s called no fault. It pays for up to $10,000 of benefits and a combination of medical and wage loss. The medical benefits are paid at 80% and the wage loss is paid at 60%.

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