Tag Archives: PIP

The Minimum Limits of Auto Insurance in the State Of Florida

ID-100193271In the state of Florida you must have auto insurance to drive a vehicle.
When you get behind the wheel of your vehicle, the first thing on your mind is where you are going. The next thing you may think about perhaps, is everything is running great but I really should have the oil changed soon.What your not focusing on is getting into an accident.
Once you get behind the wheel, you are legally responsible for damages or injuries caused by an accident. In the state of Florida not having auto insurance comes with penalties. You could be facing paying a large fine, have your driver’s license suspended, and / or your vehicle impounded.

The minimum limits of auto insurance in the State Of Florida a valid Florida license plate and four wheels are:

$10,000 Personal Injury Protection (PIP) also called Florida No Fault Insurance

This policy covers you in the case of an accident, your fault or the other drivers. PIP will also cover passengers who do not have PIP as long they do not have a vehicle registered. Those that have their own PIP coverage can use their own coverage. Other coverage includes, pedestrians being struck and suffering an injury by a vehicle, your child on the school bus in case of injury, if you are in someone else vehicle involved in an accident.

The $10,000 breakdown is 80% of your medical, 60% of lost wages and 100% of household services for a standard policy. For an extended policy is it 100% medical, 80% of lost wages and 100% for household services. Additional Coverage for PIP is available with 100% medical, 80% of lost wages and 100% of household services up to a higher limit then the standard policy. The extended and additional coverage is only for the person with the policy.

$10,000 Property Damage Liability (PDL)
This is for damages you or members of your family cause to someones vehicle in an accident. You are liable for not only personal injury but property damage as well.

$10,000 Bodily Injury Liability for one person in any accident
$20,000 Bodily Injury Liability two or more people in any accident

Bodily Injury is not required at this time for a standard driver, but is a very necessary coverage. Bodily Injury Protection covers you in case of a serious accident that may cause sever injury or even death. It will cover you and your family members who live with you and drive someone else’s vehicle. You will also have coverage for representation in the case where there is a lawsuit.

Required Bodily Injury Protection – If you have been convicted of a DUI (Driving Under the Influence) you will be required to have Bodily Injury Protection on your auto policy. After October 1, 2007 the least required is $100,000 per person and $300,000 per accident. Once you get your driving privileges back, you must carry Bodily Injury Protection for up to 3 years.

According to Florida’s Financial Responsibility Law you are financially responsible for damages and injuries you cause in an accident. PIP and PDL may not be enough coverage and having Bodily Injury Protection can take over what the others may not be able to cover in case of an accident.
Even if you have Full Coverage Auto Insurance, ask if Bodily Injury is included.

The benefits of having auto insurance is not just coverage to help protect you and your family with injuries and damages caused by an accident. As well coverage could protect you against financial loss, repairing or replacing your vehicle if stolen or damaged.

Photo Courtesy of pakorn at FreeDigitalPhotos.net


How to Protect YourSelf From PIP Fraud

Because of Personal Injury Protection, or PIP, fraud. Florida policy holders are paying more in premiums. The cost has reached more than a billion dollar a year across the board in higher premiums. What is behind this fraud? Staged accidents.  Have you experienced the following?

Another driver suddenly jumps in front of your car, jams on the brakes and causes a rear end collision. Usually the person who drives into to the back end of another vehicle is at fault.

Then you discover the other driver has a car full of people with injuries and makes a collision and injury claim against your insurance company.

It’s sometimes nerve racking enough to merge onto a highway with traffic, but then you have what you think is a good Samaritan who waves you to come on over and lets you in. The merge nightmare you do not expect is that now that nice driver crasher into your car. You report the incident and supposed to good Samaritan denies he waved you over and blames you for the accident.

Once the accident has occurred and you are still standing there in disbelief that someone could be so stupid and crazy to pull this stuff, you have another person to look out for. This scammer may approach you at the crash site or call you right after the accident. You are now going to be pressed into getting medical treatment at a place he or she suggest, your car fixed at a certain body shop or refer you to the best lawyer they know. Stay away from them. They may be fixing you up for more insurance fraud in the medical field, body shop or worse.

Because of these staged accidents, the insurance companies are paying out claims that are being paid by you in the long run. When Insurance companies pay more in claims, policy holders pay more in premiums.

What can you expect to happen to your auto insurance policy and standing with your insurance company? Now you have a claim that you are at fault for an accident and your premiums are more than likely to go up. Get enough of these and you could be looking for a new insurance company and a much higher risk policy.

Keep these tips in mind to help you protect yourself.

Stick to the rule of a car length behind another vehicle for every 10 mph you are going. If you are doing 40 mph stay back at least 4 car lengths. This way if someone does slam on their brakes, you have time to slow your vehicle down or move off the road.

Be aware of your surroundings. Many people I know who drive motorcycles follow this rule. They not only look at what is going on in front of them, but on each side and behind them. If you see a car suddenly coming up on either side of you at a fast pace, that usually means they want to pass you, slow down and give them the room to do so or move over if possible.

If you are merging onto a highway, be patient and let the other cars go ahead. If someone waves you in, wave them to continue on. I am sure there are good Samaritans out there, but with the staged accidents occurring so much, better to be on the safe side.

Keep a pen and paper handy in your vehicle. If you are unfortunate to be involved in a staged accident, or any accident, immediately call the police then get names, drivers license and phone numbers from the driver and all passengers. Get a head count of how many people get out of the car as more people could be coming to the scene to file claims too.

Take pictures of both vehicles and their location, the damage and the passengers. Watch how they behave. Are they ok, before the police arrive and then suddenly their screaming whip lash? Ask if anyone around saw the accident and get their names and phone numbers for the police.

The police report is very important for you. If there was just a small ding and the crooks are claiming a door needs replacing, then they are ripping you and your insurance company off. Stay on top of this with your insurance company as well as any medical claims from the other passengers and drivers.

If you find anything suspicious about your accident and the way its being handled contact the fraud insurance bureau in your state or the National Insurance Crime Bureau at 1-800-835-6422, they are open 24/7.

Have you noticed an increase on your auto insurance policy? Call us today to see if we can help you get a better rate. 863-453-3903

or visit our website budgetbirite.com fill out the form and we will have an agent contact you within 24 hours.

We find insurance that meets every budget!
Ask us about deductibles as low as $100.00

Ashley Bishop Owner/Agent

Budget Bi Rite Insurance, Inc

Serving All of Florida