Florida Insurance Claims Adjuster License Practice Exam

What is the Death Benefit amount for PIP?

1. $2,500

2. $5,000

3. $7,500

4. $10,000

The correct answer is: $5,000

The Death Benefit amount for PIP (Personal Injury Protection) is $5,000. This is the minimum amount required by most states, but can vary depending on individual policies. Option A, $2,500, is lower than the standard amount and may not cover all necessary expenses in the event of a death. Option C, $7,500, and option D, $10,000, are both higher than the standard amount and may result in higher premium costs for the individual. Therefore, option B is the most appropriate and commonly used Death Benefit amount for PIP.