AUTOMOBILE INSURANCE
Florida law requires that all automobiles registered in the state be insured under a no-fault insurance policy. This law is designed so that anyone injured in an automobile accident can obtain compensation regardless of fault. The law establishes Personal Injury Protection (PIP) benefits to pay for certain losses (including medical bills and lost wages) resulting from an automobile accident.
A person is covered by PIP benefits if they are the named insured on the policy. The named insured is covered while driving their vehicle or when a passenger in someone else's vehicle. The insured is also covered while they are a pedestrian if they are injured by a motor vehicle. Children and relatives who live with the insured may also be covered by the same PIP policy. PIP benefits will generally apply to accidents occurring outside of the state of Florida if it involves the insured's Florida motor vehicle. However, these people would not be covered if they were required to have their own PIP protection.
Each automobile registered in the state must have a minimum of $10,000 in insurance coverage for one person injured in an accident, and a minimum of $20,000 for all persons injured in an accident. Each automobile must also carry a minimum of $10,000 in coverage for property damage. Finally, Florida law also requires an additional $10,000 in coverage for accidents involving uninsured, underinsured, or hit-and-run drivers. While you can waive this requirement through a written request to your insurer, it is not recommended.
Florida law requires that all automobiles registered in the state be insured under a no-fault insurance policy. This law is designed so that anyone injured in an automobile accident can obtain compensation regardless of fault. The law establishes Personal Injury Protection (PIP) benefits to pay for certain losses (including medical bills and lost wages) resulting from an automobile accident.
A person is covered by PIP benefits if they are the named insured on the policy. The named insured is covered while driving their vehicle or when a passenger in someone else's vehicle. The insured is also covered while they are a pedestrian if they are injured by a motor vehicle. Children and relatives who live with the insured may also be covered by the same PIP policy. PIP benefits will generally apply to accidents occurring outside of the state of Florida if it involves the insured's Florida motor vehicle. However, these people would not be covered if they were required to have their own PIP protection.
Each automobile registered in the state must have a minimum of $10,000 in insurance coverage for one person injured in an accident, and a minimum of $20,000 for all persons injured in an accident. Each automobile must also carry a minimum of $10,000 in coverage for property damage. Finally, Florida law also requires an additional $10,000 in coverage for accidents involving uninsured, underinsured, or hit-and-run drivers. While you can waive this requirement through a written request to your insurer, it is not recommended.