Tag Archives: PIP

Why You Have Florida No Fault Insurance Personal Injury Protection

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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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