Florida requires every driver to have $10,000 in Personal Injury Protection so that if you are in an accident, your own insurance will cover PIP benefits no matter who was at fault. Under PIP, you’re entitled to 60 percent of your lost wages, up to $10,000. The good news is that even if you have sick leave, you can still be compensated for lost wages after your boss fills out the Wage and Salary Verification Form. The bad news: Since your entire PIP is $10,000, and you probably need much of that to pay for immediate medical care, you typically do not get to keep all of the $10,000 unless your attorney reserves all of it for lost wages and not medical bills. Also, if you receive medical treatment on a lien – meaning you’ve agreed that the doctors will get paid out of your settlement – they will receive compensation before you get money for lost wages.
Another complication is that some drivers choose not to have PIP protection for lost wages. It makes your insurance cheaper in the short-run, but you sign away your eligibility for lost wages compensation in the event of injury.