Florida's No-fault Insurance System
Every state has its own set of car and driver insurance requirements
. Most states operate under a fault-based system in which insurance companies cover costs determined by the degree of fault of different persons involved in an automobile collision. Some states, however, have adopted a no-fault structure in order to avoid lengthy and expensive court battles over who is at fault. Car insurance in Florida operates under a modified no-fault system.Under a no-fault system, insurance providers pay for personal economic damages incurred up to a particular policy maximum, but drivers forego some rights to sue other drivers involved. With pure no-fault insurance schemes, no one is held at fault and insurance companies are not liable for the damages incurred to other people and property. So far, no state requires this type of policy. All of the states in US that currently employ the no-fault structure use modified no-fault policies. Under this type of policy, your insurance provider will pay for your damages up to the specified limit while still allowing you the option to sue for other non-economic damages that may exceed the tort threshold.
No-fault car insurance in Florida is mostly meant to cover medical bills. That is generally your insurance provider will compensate for physical grievance claims made by you regardless of the circumstances of the wreck, and the party at fault will still pay for that property damage charges sustained by your vehicle. Motorists who reside in Florida for 90 days or more out of the year are required to purchase a minimum of $10,000 each of both personal injury protection (PIP) and property damage liability (PDL) coverage.
PIP coverage in Florida covers the carrier in his or her own vehicle as well as in someone elses vehicle. If a collision occurs within the borders of Florida, PIP will cover the policyholder, members of the household who do not currently own a vehicle, some passengers who do not carry PIP, and licensed drivers who are permitted to drive the policyholders vehicle. If a collision occurs outside of the state of Florida, PIP will cover the policyholder and their household only, permitted the wreck takes place within the United States or Canada. PDL covers damage to property done with a vehicle by anyone covered under the policy up to a certain limit. It can be purchased to cover just specific people or anyone who drives your car. The term property can mean another vehicle, a fence, a building, or some other structure.
There are supporters and opponents of no-fault insurance. Some arguments in favor are faster claims collections, cheaper insurance rates, and fewer lawsuits between drivers. Some arguments against a no-fault structure are no compensation for non-economic damages like pain and suffering, a sense of protection for bad drivers because they do not have to worry about being sued, and that lawsuits are still a problem in determining whether tort thresholds are met.
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