subject: A Look At Florida Auto Insurance Companies [print this page] Although most US states will require by law that their motorists be insured in order to operate a vehicle, Florida is actually one of the few states to have a no-fault insurance law, along with a few other strict laws. Individuals in this state will need to make sure that they meet these requirements to avoid the severe consequences that they can otherwise incur. Fortunately, Florida auto insurance companies can help with this matter.
A Florida insurer can give individuals advice about what type of requirements they must meet in their auto policy. For instance, every drivers policy must provide at least $10,000 of liability bodily injury coverage for one person and $20,000 for two. An additional $10,000 in liability coverage is required for property damage.
According to law in Florida, insurance companies are required to notify authorities when an individual allows their policy to lapse or drops it. Those who do so may find themselves faced with steep fines and a possible plate and license suspension, depending upon the circumstances. Keep in mind that in order to get your license back after suspension, you will have to pay a fine of $150 and provide proof of insurance.
It was mentioned earlier that Florida has a no-fault insurance law. This means that a Florida driver does not have to wait for proof that the other driver was at fault in an accident to receive their insurance benefits. The other party's insurance will be required to pay the expenses, up to $10,000 for each person involved.
This form of personal injury protection coverage will pay a lot of the costs associated with an accident, usually at least 80% of the medical cost and 60% of wages lost due to medical issues and recovery time.
Anyone who moves to Florida will not be covered by the insurance they used in another state. They will have to find coverage from a company licensed in the state. While these rules and regulations seem quite strict, they were implemented to protect people in many ways. Insurance could save your life from financial ruin. All it takes is one accident to put you in debt for the rest of your life, unless of course, you have auto insurance.
Find a good insurer in Florida who is well established and reputable. This will help you have peace that you will be well informed as to the laws that exist and how you can stay well within these guidelines.
by: Lance Thorington
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