PIP – A short term solution from no fault coverage

Shortly after a bad collision, most of our injured clients need funds to fill
the gap created between lost income and medical or funeral expenses. This
is the place for no-fault coverage. No-fault, known as Personal Injury
Protection (or PIP) in the state of Florida  in other
jurisdictions such as Virginia, is available to you when you purchase your
insurance. Every automobile insurance company which sells insurance in
Florida  must offer its customers the opportunity to purchase this type of
inexpensive coverage. PIP can pay for initial losses including medical
expenses and funeral expenses. In Florida  PIP also provides a short term
payment of lost wages at 85% of the average wage. For this reason this type
of coverage is often described as a type of small, short term disability policy.
For less than $100 per year, most Florida drivers can cover up to
$10,000 in lost wages. However PIP insurance can be waived. It is not
mandatory.