Know The Florida Liability Insurance Laws?

Answer 1

Liability insurance is not required in its base form in the state of Florida but PIP is mandatory. The coverage amounts are given as liability protection and are included in every insurance quote given to Florida drivers. Florida is considered a no-fault state, meaning that insurance must pay for injuries suffered by all individuals involved in an automobile accident regardless of who is At Fault. Property damage insurance in Florida is known as PDL or property damage liability coverage.

Obtaining Required Insurance In Florida

All vehicle operators must carry PIP and PDL when driving in the state of Florida. Those who live in another state do not have to obtain temporary insurance when driving within state boundaries, but anyone moving to Florida must transfer their policy within 90 days after arrival. The amount of PIP and PDL insurance purchased must meet state minimum requirements. These amounts are $10,000 for costs related to bodily injury, $20,000 to cover injuries to all persons per accident and $10,000 to cover property damage.

Property damage liability insurance covers the costs to repair a vehicle or property damaged in an accident caused by the insured. It does not cover expenses for the at-fault driver's own vehicle. Separate collision insurance would have to be purchased to cover this expense unless the damage is caused by another driver.

Payment On Claims

Florida law requires insurance companies to pay these costs regardless of who is at fault in an accident. This means that medical bills for most types of treatment will be paid immediately. It is the responsibility of the injured party to inform a health provider about the insurance carried. After all medical bills and vehicle damage costs have been paid, insurance companies representing all parties involved in an accident will determine what monies are exchanged between them in regards to fault. The law does not allow PIP or property damage liability rates to increase if the non-fault party files a claim. This is one of the major benefits of Florida's auto insurance requirements. Unlike regular liability insurance which can become costly if an individual is involved in repeated accidents, PIP insurance premiums cannot be increased by the provider if the party is deemed not at fault.

Affordable PIP and property damage liability insurance can be located using an online comparison site. These companies take basic information on the driver and link it to numerous insurance companies. Drivers can add optional insurance types and build a policy from scratch. The initial quotes given are subject to change depending on the driving history of the individual and the type of car being insured.