"What are "no-fault benefits"?
"No-fault benefits" are also often referred to as "Personal Injury Protection benefits or "PIP Benefits" for short. No Fault or PIP benefits refers to insurance coverage provided by your own automobile insurance policy regardless of who was at fault in the automobile accident. In other words, simply because the other driver was at fault does not mean that your insurance will not pay you for your injuries. In fact, the opposite is true. No fault benefits may include compensation for wage loss, medical expenses, mileage and replacement vehicle. Under Minnesota law, all motor vehicle owners must have no-fault coverage as part of their automobile insurance coverage. No Fault insurances is also called first-party coverage. This means that if you are injured in a car accident, it is your insurance that pays the no fault compensation rather than the insurance of the party at fault or even the insurance of the vehicle in which you were riding. Essentially, no fault coverage applies to the insured person, not the vehicle.
How much coverage is necessary? Minnesota requires automobile owners to carry a minimum no-fault policy that pays $20,000 for medical coverage for any individual and $20,000 for all other losses including any income loss, replacement services and other economic losses. The requirement for insurance is set out in Minnesota Statutes