What Does PIP Insurance Cover?

Video Transcript

"My name is Doug Leavy. I'm principle agent and owner of Strategic Insurance Services located in Clearwater, Florida. I'm going to talk to you today about what Pip Insurance coverage is. Pip is an acronym and states for personal injury protection. Personal injury protection is a very important part of your car insurance policy. In the state of Florida here which is a no fault state everyone is required to have Pip. Basically Pip is going to give up to $10,000 in the event of a claim for your medical bills and lost wages and in the event that you were to die some coverage for your death benefit. Regardless of who is at fault in this accident you should have up to $10,000 for these benefits. It is important to know that there are some limitations to these benefits and depending on what is being paid out typically 80% up to $10,000 is going to be paid for medical bills and 60% up to $10,000 for lost wages so the total amount regardless of how serious an accident would be would be up to $10,000. My name is Doug Leavy. I'm with Strategic Insurance Services in Clearwater, Florida. Come experience a world of difference."