Just like most states, driving without a car insurance policy is a criminal offense in Florida. Every driver should have a policy with adequate amount of coverage or else they may get their license suspended. However, it is important to mention that Florida falls in the list of those states where they have made it mandatory for residents to go for no fault insurance coverage.
Basics of No Fault Insurance in Florida
The basic purpose of introducing Florida no fault insurance was to provide local residents with a way to keep away from dealing with litigation process after being injured in an accident. The biggest benefit of this type of insurance is that it pays for medical expenses as well as lost wages if an accident takes place and hurts a third party.
Here, it is crucial to point out that no fault insurance works differently in different states, which is the reason why it’s important to educate yourself a bit about the enforcement of Florida no fault insurance before taking the plunge. The biggest highlight of this insurance system in Florida is that it deals with medical expenses – it works as a medical coverage to some extent. It means the insurance company will pay bodily injury expenses without considering who was at fault in an accident; however, the important thing is that any damage done to vehicle or property is payable only by the party at fault.
It is relevant to mention that your personal injury insurance will pay 80% of medical bills, including any expenses incurred on surgery, x-rays, and dental services. You will have to pay 20%, which could be quite high, but after all, we should have something to discourage those who engage in reckless driving.
Why do You Need Florida No Fault Insurance?
Many people may argue that they don’t need a Florida no fault insurance quote to get this additional cover when they already have their conventional medical insurance in place. It does make sense, but you have to understand that with no fault insurance coverage anyone injured in an accident won’t have to worry about “money” to obtain immediate medical treatment. Since there’s no time lost in establishing who was at fault, the injured person can receive medical attention almost immediately.
Understanding the Law – What’s Covered and What’s Not!
Generally, Florida no fault insurance car insurance requires you to have a certain amount of coverage in place for your protection – this saves your time you waste in suing others who may have been involved in an accident. However, it is important to bear in mind that there are certain laws governing this issue and you have to abide by them whilst taking out an insurance policy. For instance, you need to ensure that you are taking out a policy offering $10,000 for personal injury protection and the same amount for property damage compensation. This is the state minimum, and anything less than this is not acceptable in Florida – it implies the fact that you should pay attention to this amount at the time of comparing Florida no fault insurance quotes and decide accordingly.
According to Law, your Florida no fault insurance company will use this amount to pay medical bills and lost wages; in some cases, they may also cover costs related to certain types of replacement services. In the light of laws governing this insurance policy, it’s important to highlight the fact that a fla no fault insurance policy is not designed to take place of your regular health insurance, but it often helps cover costs that regular policies don’t cover – doctor fees, co-pays, and other medical expenses.
Choosing the Right Insurance Plan
If you’re going to take out a no fault auto insurance policy, you need to ensure that you know your options and pick the best one. It always makes sense to use the internet where you can compare insurance companies and their insurance quotes before making a decision. However, you should be careful when using the internet, as it’s vital to find a right insurance company in your state. The reason is that right now twelve states make use of no fault auto insurance systems, but they work differently.
Hawaii, Kentucky, Michigan, Massachusetts, Minnesota, Michigan, New York, New Jersey, North Dakota, Utah, Pennsylvania, and Florida, all take different approaches to no-fault legislation. There will always be some difference in the threshold for a pain and suffering claim, deductibles, coverage amounts, treatment protocols, mandated coverage, and the use of fee schedules. One basic difference among the no-fault states is regarding the minimum amount of PIP coverage required by law – it is $10,000 in Florida, but goes up in almost six states. Therefore, you should know your state requirements and then pick a FL no fault insurance accordingly.