What You Should Know About Personal Injury Protection In Florida

What You Should Know About Personal Injury Protection In FloridaPersonal Injury Protection or PIP is an auto insurance extension that is available in 17 states including Florida.  It covers an individual’s hospital and medical expenses, but in some instances, it also covers damages and lost wages. Since the state statutes that were passed into law regarding this type of insurance were “no-fault” laws, PIP is oftentimes referred to as no-fault insurance coverage.  In other words, this type of coverage was designed to pay certain expenses that an individual incurred regardless of who was at fault in the accident.

PIP also refers to any insurance that includes personal injury coverage for defamation, emotional distress, and libel as well as physical injury.  Although homeowner’s insurance typically covers any liabilities resulting from bodily injury, it does not cover any liability that is associated with emotional or mental injury.  In March of 2012, the Florida Senate passed HB119 also known as the Personal Injury Protection (PIP) Law.  The intention of the law was to impose limits on the amount of benefits, litigation, and monies that are paid out.

How The Law Impacts The Consumer

During the past decade, PIP claims and payments have increased dramatically despite the fact that the number of auto accidents has not increased significantly.  According to the National Insurance Crime Bureau, several Florida cities have reported the highest number of what is referred to as “questionable claims” on a nationwide basis.  This particular issue comprises nearly half of the fraud referrals occurring in the state.  Interestingly enough, only 2% of the state’s collected insurance premiums are PIP-related.

So how does this affect the consumer? Basically, the minute you get involved in an auto accident, the clock starts ticking.  In other words, you only have a certain length of time to hire an attorney, law firm, or personal injury lawyer and file your claim.  This is because the new PIP law is more stringent and can make it extremely difficult for you to receive full medical benefits.  According to the new PIP law, you must receive medical attention within 14 days of your involvement in an auto accident.

Recent News Regarding PIP Insurance

This past January, the Florida Office of Insurance Regulation released their preliminary analysis of the top 20 auto insurance companies PIP coverage rates.  This encompassed over 75% of the consumer market here in Florida.  PIP coverage accounts for roughly 25% of the overall all premium costs.  The analysis was conducted two years in order to show how HB119 has positively affected the consumer.  The results revealed that there was an average savings of 13.2% on PIP premiums.

When Should You Hire A Personal Injury Attorney?

Whenever you are injured in an auto accident that resulted from the negligence of another driver, you have no guarantees that their insurance company is going to pay for any medical expenses that you incur.  Nor is there any guarantee that you will be compensated equitably for your injuries and the expenses that result.  If you have been injured in an auto accident, there are certain times when you need to consider hiring a personal injury lawyer or law firm.

Unlike a personal injury attorney that you hire for legal help, the insurance companies and their lawyers are not your friend and do not have your best interests in mind.  They are highly skilled when it comes to minimizing personal injury settlement claims.  This gives them the advantage in your case if you attempt to be compensated your injuries and medical expenses.  Don’t take the risk of not being compensated fairly and hire a personal injury attorney as soon as you have received medical attention for your injuries. Contact us to learn more about what we can do for you.

David Goldman

Attorney David Goldman has a strong belief that everyone should be treated fairly and those with the means should do what they can to bring justice in all areas of our society. That belief has lead him to help Florida's injured from being taken advantage of by corporations and insurance companies. Since 1989 David Goldman has been fighting for the rights of Floridians both as an attorney and by personally supporting our community.

Apr/15/2014

 

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Attorney David Goldman has been exceptional in the process of helping me through the case. He has always been easy to reach, whether by phone or email, and has thorough knowledge and explains clearly in depth so you feel safe and confident in your lawyer

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I dealt most with Mr. Fernandez. I didn’t know a lot about this process. He took the time to speak with me individually, in person, to explain everything. It was very helpful to actually know and understand the process and what to expect. He closed my case quickly, which was nice that it was not prolonged! I appreciated his hard work and getting me what I felt I deserved after my car accident. I highly recommend him to anyone who needs an honest and reliable lawyer to assist you with your case!

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Law Offices Near You

Sarasota Office

Sarasota Personal Injury Law Office

941-954-1234

2822 University Parkway Sarasota Florida 34243

Bradenton Office

Bradenton

941-752-7000

1215 Manatee Ave West Bradenton Florida 34205

St. Petersburg Office

St. Petersburg

727-381-9200

6446 Central Avenue St. Petersburg Florida 33707

Lakewood Ranch Office

Sarasota

941-330-0088

9040 Town Center Pkwy, Lakewood Ranch Florida 34202

Venice Office

Venice

941-496-9555

3986 S. Tamiami Trail Venice Florida 34293

Englewood Office

Englewood

941-474-4800

2960 S. McCall Rd Englewood Florida 34224

Punta Gorda Office

Punta Gorda

941-613-1141

122 Nesbit St, Suite 113, Punta Gorda Florida 33950

Port Charlotte Office

Port Charlotte

941-613-1141

3986 Tamiami Trail Port Charlotte Florida 33952

Arcadia Office

Arcadia

863-494-0122

10 South DeSoto Avenue Arcadia Florida 34266

Fort Myers Office

Fort Myers

239-332-0770

8359 Beacon Blvd Fort Myers Florida 33907

Lakeland Office

Lakeland

863-683-5600

5137 S. Lakeland Dr. Lakeland Florida 33813
 

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