Suppose someone has relocated to Florida from another state. In that case, there are some things they need to know about PIP insurance in Florida. It is not necessary to have certain types of coverage in other states. Specifically, PIP. Because of this, we put together some things they need to understand so they are not out of compliance in Florida.
What Is Personal Injury Protection Insurance in Florida?
Florida requires PIP insurance in addition to collision insurance. PIP insurance is warranted so that if the individual at fault does not have insurance, they are still protected. The State of Florida auto insurance regulations mandates this policy to reduce the number of lawsuits. Unfortunately, it makes the auto insurance rates some of the highest in the country.
The absolute minimum coverage that they, as the automobile owner, can have is $10,000 per person who is injured. However, depending on what kind of coverage they buy, they can have personal injury protection deductibles of over $2,000. , Be sure they understand what needs to be covered to minimize out-of-pocket expenses. Less insurance coverage purchased may mean a lot more money out of the wallet in the event of a claim. For example, if they injure a pedestrian or a bicyclist, those accidents are covered under their injury coverage. In addition, Florida PIP insurance covers them if someone commits a crime of bodily injury to them in the event of road rage or a carjacking. Weigh the options the right way by talking to a qualified insurance agent before making final decisions.
How Much PIP Coverage Does Florida Require?
Like personal injury protection minimums, they need to have a certain amount of coverage for personal property. PIP will also curtail any claims against them in court regarding damages to private property. This line item on a policy also carries a regulation of a minimum of $10,000 for claims. It might seem like a lot, but it is not. These kinds of expenses can add up very quickly. Therefore, it is essential to sift through a personal property claim to consider what amount of coverage they should have. Being covered now means they are not sweating the details later should they file a claim.
What is required to fix a damaged property?
For damage to property outside of personal property like a fence, mailbox, or telephone pole, Florida regulations require a minimum of $500 of PIP Insurance coverage. This policy will cover them in Florida if they drive someone else’s car just as long as they have Property Damage Liability insurance. In most cases, the carrier will cover driving someone else’s car under their standard policy. It depends on the company they decide to use. The cost of Property Damage Liability is not very much at all. Talk to an agent about how much they need for adequate coverage and the stipulations.
What if They Have Had a Prior DUI?
In the case of a driver who has never had a DUI, Bodily Injury Liability coverage is unnecessary. However, suppose they have had a prior conviction. In that case, they must carry this coverage in the State of Florida for three years after they have legally had a license reinstated. There is also a minimum amount of coverage that they must have. If they received a conviction before October 1, 2007, Florida requires $10,000 for each person and $20,000 per accident. If there are any convictions after that date, Florida requires a minimum of $100,000 per person and $300,000 per instance. Suppose they have had a DUI conviction in another state. It is essential to be honest with an insurance carrier about the prior history and make sure that they are following Florida guidelines.
Where can they Locate the Current Policy Information?
If they already have a policy in Florida, the agent has already gone over this with them. Drivers most likely have the proper coverage, and the existing agent can help assist with any questions they have. Florida requires the insurance company to give the details about their policy in writing. This list includes what they have for coverage and how much they pay. If they elect to add coverage to the account, an agent can do this for them. Suppose they would like to save money on a new policy. In that case, Florida Insurance Quotes will help shop with all the leading carriers in Florida. It is always good to review the coverage yearly to ensure that they are still getting the best deal.
We hope this article will get more familiar with insurance laws now that they will be driving in Florida. The state regulatory agencies are committed to protecting them from having to sue for damages or injury should they be involved in an accident with an uninsured motorist. Welcome to Florida, and enjoy the roads to take in their new surroundings.