Florida is a No fault state when it comes to auto insurance. In simple words, the No fault law is created to help individuals, injured in an accident, receive the necessary financial assistance without having to determine who is at fault. The insurance policy limits and the particular situation will determined what the pay out sum really should be.
In the Sunshine state, the minimum required liability is really low - just $10,000 of personal injury protection (PIP) and $10,000 of property damage liability (PDL). As each and every insurance specialist will explain to you, these limits are rarely adequate and obtaining more protection is highly recommended.
Listed below are three facts concerning Florida No fault Insurance that you may not realize.
1. Suing the at fault person is an option - Its wrong to presume that you cannot take the at fault driver to court simply because of the No fault law. Obviously, specific conditions must be fulfilled. There are two types of conditions, often called thresholds. Death or significant disfigurement are under verbal threshold, big medical bills belong to the monetary threshold.
2. You may need to be examined independently - Independent medical examination is a vital part which makes the Florida No Fault law work. Its your insurer's right to select a medical professional and ask for an impartial examination. You really have no choice but to oblige their request, otherwise your insurance policy will be terminated.
3. You are not covered 100% by Pip - Its a common mistake to presume that Pip will cover all medical charges and expenses. In fact, PIP only covers 80 percent . Do not forget you have deductible too. Here is a quick illustration.
- Total Medical Expenses:$5,000
- Percentage payable under PIP statute:80 percent
- Benefits due but for the deductible:$4,000
- Less deductible:$1,000
- Benefits payable:$3,000
Understanding Florida No-Fault insurance law will unquestionably help you find the ideal plan for you. Do not rush to buy a policy until you feel confident you have made the correct choice. Ask your insurance agent as many questions as possible. Do not just stick to one insurer - compare quotes from at least three providers.
For more information and instant quotes please visit
Florida No fault Insurance and
SR22 Insurance.
