Florida’s auto insurance laws are completely different than other states. This is because Florida follows a no fault system. Even though Florida follows this doesn’t mean you can go without coverage. In fact, auto insurance from someone like https://floridainsurancequotes.net/florida-auto-insurance/ is still required.
Florida auto insurance consists of these two types of coverage. They are Property Damage Liability and Personal Injury Protection. Each of these both have a minimum coverage of $10,000 and both have key points.
First, lets discuss Property Damage Liability. This coverage will cover any damage that you or a family member, or any other person that’s driving your vehicle caused to another persons property while driving. If you happen to rear end someone else’s vehicle or if you hit your neighbors mailbox, this coverage will be able to provide coverage to the damages.
Property Damage Liability will not pay out anything for the damages caused to your own vehicle. Hence the term “liability”. Florida does not require you to carry insurance that insurers your own vehicle. However, it is strongly recommended.
Personal Injury Protection coverage will cover you, your family members, and individuals riding in your car without a registered vehicle and without PIP, due to a crash with injuries. PIP coverage will apply to all individuals who qualify regardless who is at fault for the crash and injuries. This is known as no fault insurance. When it comes to Florida auto insurance from https://floridainsurancequotes.net/florida-auto-insurance/, PIP also covers pedestrians, bicyclists, and children who are injured by school buses.
Bodily Injury Liability insurance coverage will cover any medical and funeral costs for you or a family member. This type of insurance is not required by the state but it has higher coverage amounts and more expensive premiums.
No Fault Coverage
When it comes to Florida auto insurance, you need to understand no fault coverage. The no fault insurance laws were instituted to keep monthly premiums low by delivering quick payouts. Due to no fault laws, Florida companies can offer lower premiums.
However, Florida’s no fault system is constantly abused. Quick PIP payouts can lead to instances where medical clinics lie or over exaggerate injuries to reach the $10,000 maximum. Hundreds of arrests are made each year due to fraudulent claims.
Now that you understand how Florida auto insurance from https://floridainsurancequotes.net/florida-auto-insurance/ works, you can purchase a policy that’s right for you. Even due to the no fault laws here in Florida, you can find a great policy that works for you. Start your search online today.