Florida’s no-fault insurance law requires drivers to carry certain types of insurance coverage in order to comply with the law. These two types of insurance coverage are bodily injury liability and personal injury protection. Understanding the nuances of these two types of insurance coverage and how they work together to provide protection for drivers can help ensure that you are in compliance with the law.
Types of Required Insurance
Bodily injury liability insurance is a form of insurance coverage that provides protection for drivers in the event that they are found to be legally responsible for an accident. This type of insurance covers the costs associated with the medical bills, lost wages, and other expenses related to the injury of another person in the accident.
Personal injury protection (PIP) is a type of insurance coverage that is designed to cover medical expenses and lost wages for the driver and their passengers in the event of an accident. PIP coverage also covers funeral expenses and other costs related to the accident.
Complying with Florida’s No-Fault Law
In order to comply with Florida’s no-fault law, drivers must carry both bodily injury liability and personal injury protection insurance. This insurance is designed to provide financial protection for drivers and their passengers in the event of an accident. In addition, the no-fault law requires drivers to carry a minimum amount of coverage in order to be in compliance with the law.
The minimum coverage for bodily injury liability insurance is $10,000 per person and $20,000 per accident. The minimum coverage for personal injury protection is $10,000 per person. It is important to note that these are just the minimum amounts of coverage and higher amounts of coverage may be necessary depending on the specific circumstances of the accident.
It is also important to note that Florida’s no-fault law does not require drivers to carry any other types of insurance coverage. However, it is recommended that drivers carry additional coverage such as collision and comprehensive insurance to provide additional financial protection in the event of an accident.
Understanding the types of required insurance coverage and how they work together to provide protection for drivers is important for ensuring that you are in compliance with Florida’s no-fault law. Having the proper amount of insurance coverage can help to ensure that you and your passengers are adequately protected in the event of an accident.