Ft. Lauderdale Chiropractor Troy Lomasky Notes Florida Insurance Commissioner Kevin McCarty's Personal Injury Protection (PIP) Presentation at August 16 Florida Cabinet Meeting

Florida Insurance Commissioner Kevin McCarty made a presentation on Personal Injury Protection (known as PIP or No-Fault Insurance) to the Florida Cabinet this morning, August 16, 2011. He reviewed the various types of auto-related insurance coverages available in Florida and discussed the issue of statewide fraud.

To view his presentation, click here.

Type of auto insurance:

Liability – Coverage for all sums the insured is legally obligated to pay due to an
accident
• Bodily Injury (BI) – Provides coverage for death or serious and permanent injury to
others when you are legally liable for an accident involving your automobile.
• Medical Pay (Med Pay) – Provides coverage for medical treatment for the insured
or resident family member resulting from an auto accident, regardless of fault, as
well as any person occupying the covered auto.
• Personal Injury Protection (PIP) – Provides coverage for medical benefits, lost
wages and funeral benefits for insured or resident family member when injured in
their own vehicle, in someone else’s vehicle, as a pedestrian or as a bicyclist.
• Property Damage (PD) ‐ Coverage in the event that negligent acts or omissions of
an insured result in damage or destruction of another’s property.
• Uninsured Motorist (UM) – Coverage provided to the insured, resident family
members and any other person occupying the covered automobile for bodily
injury resulting from an accident involving an uninsured or underinsured driver.