Some states including Florida require no-fault auto insurance. Knowing about your state’s auto insurance laws will help you if you ever need to place a claim with your insurance company and what you are purchasing with your coverage.
No-fault insurance laws were designed to limit drivers ability to sue each other in case of an accident for personal injury up to the limits of your PIP policy. Each driver is required to purchase PIP (Personal Injury Protection) which is included in your policy package. Your insurance company will cover your injuries no matter who was at fault for the accident, hence PIP (Personal Injury Protection). For the damage to your vehicle, the same rules apply for liability going to the person found at fault for the accident.
PIP insures, that at least a portion of medical bills, lost wages, lost services and even funeral expenses are covered in the event of an accident. Your children, members of your household, passengers riding in your car are covered. In some cases it may also cover those you loan your car to who are not covered by their own policy. PIP will also cover you and your family on school buses, while a passenger in another car, and if you are a pedestrian and injured by a vehicle. Your coverage amount will be determined up to the limits of your policy.
The law in the state of Florida for no-fault requires you carry a minimum of $10,000 of PIP and $10,000 of property damage liability. You must be insured to drive a registered and licensed vehicle in the state of Florida for the duration of the registration of the vehicle.
If you are a seasonal or part-time resident of Florida, for at least 90 days out of the year, you are required to carry both the PIP and Property Damage Liability Florida insurance on it and the 90 days to be consecutive to require this insurance on the vehicle.
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