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Florida Insurance Companies Establish New PIP Policy for 2013

October 12, 2012

Florida Insurance Companies Establish New PIP Policy for 2013Effective this January, Florida will implement a new Personal Injury Protection (PIP) law. Pushed by the insurance industry, this laws was passed to curb fraud—but as a result, may just increase profits for insurance companies throughout the state.

Personal Injury Protection (PIP) is required for every driver in Florida. Through PIP, drivers are covered for 80% of their medical bills (up to $10,000), 60% of loss wages, and can receive a death benefit for those who lose their lives suddenly … Read More

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