The Sunshine state is one of the select states that adopts the no-fault insurance laws. All motorists must carry Personal Injury Protection (PIP) and Property Damage Liability (PDL) policies at all times in order to maintain a Florida tag and registration. Be sure to understand the laws and compare rates and higher limits of coverage before purchasing in order to get the proper protection.
What is Florida No Fault Car Insurance?
The basic definition of the no-fault law is that the policyholder's insurer will pay for their injuries and property damage regardless of who is found to be responsible for causing the accident. This is intended to keep traffic accident cases outside of courtrooms and avoid the excessive costs in order to determine responsibility for the collision and provide speedy compensation to those involved.
Although this can be beneficial to the insured, in most cases they will not be able to sue the other party if the injuries exceed the limits of their policy unless there has been a death, disfigurement, dismemberment, or a fracture. The minimum Florida auto insurance requirements for personal injury protection and property damage are $10,000 per each coverage. It may be wise to raise these limits in case the result of the accident causes expenses greater than what the minimum required will cover.
A beneficial coverage that should be taken into consideration for purchase is Bodily Injury Liability (BIL). This can pay for serious injuries or death if the case is able to go to court and protect the insured from incurring severe expenses if found liable. The insurer will provide legal representation and pay for injuries caused by the policyholder, household family members, the insured while driving someone else's automobile and may even cover those who were operating the insured's vehicle with their permission.
No-Fault regulations vary with each state, for more on the insurance laws of the state one can contact the Florida Department of Highway Safety and Motor Vehicles in order get further information.