PIP

PIP Reform
9:52 am
Sun January 29, 2012

How Florida Lawmakers Are Addressing PIP Fraud

State lawmakers are working to reform PIP. They say it's ripe for abuse.
IowaPolitics.com

Florida’s no-fault insurance requirement is set to undergo major changes this legislative session.

Right now, Florida drivers are required to have $10,000 worth of personal injury protection, or PIP, for payout in a crash regardless of who is at fault.

But fraudsters have taken advantage of this system, and auto insurance rates are skyrocketing.

Florida is one of the most expensive states for car insurance, according to the Insurance Information Institute. A fender bender can cost an insurance company tens of thousands of dollars.

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