Florida is a No Fault state for auto insurance. Knowing and understanding Florida No-fault Insurance law will help you to choose the right coverage for you personally and it’ll help you if you need to make a claim later on. Have a minute to see the next information prior to free no-fault insurance rates car insurance quotes florida .
What’s No-fault Insurance?
Under no-fault insurance each driver would be completely covered by his or her own motor insurance (up to his policy limit), and drivers cannot sue another driver regardless of the severity of the accident. However, no state uses such strict form of no fault insurance. There’s a general misconception about no-fault automobile insurance and what it really covers. Florida No-fault Insurance really is in regards simply to medical payments. Meaning that if you are involved in an accident, your insurance provider will pay for your bodily injury claims no matter who what food was in fault. Under Florida No Fault Insurance law both drivers must carry insurance for their own protection, as well as their ability to sue other drivers for damages is regulated by certain limitations.
Florida No Fault Insurance Requirements
Considering that the Florida Legislature passed a bill to reform Florida’s Automobile No-Fault Law, citizens should recognize that Florida law will yet again require drivers to hold Accidental injury Protection (PIP) insurance effective January 1, 2008. Regulations requires you to have a the least:
$10,000 of private injury protection (PIP)
$10,000 of damage to … Read More