The Florida No-Fault Law, commonly referred to as Personal Injury Protection (PIP) insurance, is designed to reduce the need for litigation after accidents by ensuring that certain coverage is in place for drivers. According to this law, owners of motor vehicles with four or more wheels (excluding taxis and limousines) that have been in Florida for at least 90 days (consecutive or non-consecutive) within the past 365 days must have a specific insurance policy. The minimum coverage required under this law typically includes:
1. Personal Injury Protection (PIP):
- This coverage pays for medical expenses, lost wages, and other related expenses irrespective of who caused the accident. It's often referred to as "No-Fault" coverage because it pays out claims regardless of fault.
- The minimum PIP coverage required in Florida is usually $10,000.
2. Property Damage Liability (PDL):
- This covers damage to someone else's property caused by your vehicle. This could include damage to other cars, buildings, fences, etc.
- The minimum PDL coverage in Florida is generally also set at $10,000.