In Florida No-Fault insurance Is?

In Florida No-Fault insurance Is?

Florida is one of the states in south east of the United States. Florida is also known for its busy street. This state has about 13,670,441 of drivers roaming around the state. Hence, to ensure safety, Florida offers good laws and services to its citizens in terms of driving and one of them is the no-fault insurance. Since driving is already part of the daily routine of the people there, then this kind of insurance would be essential for them.

In Florida No-Fault insurance Is?

In Florida No-Fault insurance Is

NO FAULT-INSURANCE is a kind of insurance that gives benefits to each person who might have been affected by an accident. All drivers in Florida must have this kind of insurance, it is then said that it is one of the major insurances that they must have since it protects them from any damages that might happen from an accident. This insurance pays for the hospital bills, gives legal protection and some other benefits. For instance, there had been a collision between two vehicles.

Regardless of whose fault the collision is, both parties will still be ensured. Whatever injuries that they may have suffered, be it grave or not, will be paid in a fixed/constant amount by the insurance company. Both of them who have been affected by the incident will be ensured equally. As a result, this insurance thereby makes hospital bills cheaper and more affordable. It is a beneficial service for the people in Florida. Since statistically speaking, Florida has the third largest number of drivers in the USA.

The insurance gives three coverage of insurance. These are the insurance that protects you from legal concerns, insurance for physical injuries and insurance for the damaged properties. In terms of money/numbers, Florida’s minimum coverage is $10,000 for legal protection and $10,000 for damaged properties for as long as each driver has a Florida license plate.

In terms of protection for personal injuries, fixed amount will be paid for the hospital bills of those who have been affected by the crash. Drivers or passengers (family members, relatives or friends) who were on the car during the crash will all be covered by the insurance.

For physical injuries or death that has happened due to the collision will also be covered. This will also serve as a defense for legal concerns if the other party would like to take legal actions on the injured person.

The insurance is also responsible for damaged properties since it gives reimbursement for the members of your family who are liable to others assets in an accident which involves the vehicle or automobiles. This insurance would offer a great assistance for drivers but of course in order for them to avail this kind of insurance, their vehicles or automobiles must strictly be registered. This is for legality concerns and for safety purposes as well. If their vehicles or automobiles are not registered then for sure, they won’t be able to avail this advantage. For this reason, drivers are usually obliged to register their vehicles.

Since the insurance offers good benefits, certain questions may arise and people might be confused about the policies of the said insurance. Here is a list of some common concerns and answers regarding the insurance policies that people may be bothered of:

  1. What if I lived in a previous state and moved to Florida is my vehicle still covered by my previous state or it’s already on Florida’s?
  • If you have registered your vehicle on Florida then you will be covered by the insurance. If you want your vehicle to be transferred on Florida then insurers and licensed agents should check them first for verification so that you can avail the said insurance someday.
  1. What if I failed to maintain the insurance for my vehicle what should I do?
  • The Department responsible for vehicle insurances have the right to suspend you from your driving rights. They will get your vehicle’s plate number, driver’s license and registration for 3 years or until you have shown evidence that you have already availed the insurance. This is done strictly so that citizens would strictly comply and so as to ensure the safety of drivers and passengers.
  1. I do not live in Florida, but I go there to visit some relatives, friends and do some businesses there as well, will I still be covered by the insurance?
  • Certainly, yes. You would surely avail the insurance for as long as you have had the vehicle for more than 90 days during the 365-day period. You can avail or have the advantage of the insurance that protects you from legal concerns and the protection from your properties.
  1. I earn more than vehicles and I don’t use them so often, do I still need them all to be registered for insurance?
  • You have to keep your insurance during the vehicle registration period, in any case whether the automobile is used or not.
  1. I am a taxi driver and do it for a living. I have a registered taxi vehicle under my name. Can I still have the vehicle insurance?
  • You can still avail an automobile insurance. You can be given insurance for physical injuries worth $125,000 per person, $250,000 per accident and $50,000 for damaged properties.
  1. I will be transferring to another state and will not be staying in Florida for quite some time. Can I withdraw the insurance that I have availed?
  • Yes, you can withdraw your insurance, provided that you have already registered on another state. For as long as you are still in Florida, it is a must that you avail the insurance but if you choose to transfer to another state then you can avail their insurance there.

These are just some of the common questions that people might be concerned of. There is no doubt that this kind of insurance surely gives a lot of benefits to drivers, car owners and passengers since it does not favor any person whenever an accident happens. Since we may not know when an accident may happen then it is still best to have a precaution to these certain kind of collisions.

Category Law & Rules