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What is the required minimum coverage for PIP under the Florida No-Fault law?

  1. $5,000

  2. $10,000

  3. $20,000

  4. $25,000

The correct answer is: $5,000

The correct answer is $10,000. Under the Florida No-Fault law, the minimum required coverage for Personal Injury Protection (PIP) is established at $10,000. This coverage is designed to help cover medical expenses and lost wages for the policyholder and passengers, regardless of who is at fault in an accident. The $5,000 option does not meet the legal requirement and is too low to provide adequate financial protection in most accident scenarios. It's important for drivers in Florida to be aware of this requirement to ensure they are compliant with state laws and adequately protected in the event of an accident.