by admin
Florida has a high population of residents and rightfully so. It’s a gorgeous state with plenty of popular destinations to visit, warm weather and lots of sunshine. It would be hard to stay indoors every day and not explore the surroundings. But before anyone goes sightseeing, they must know that in order to legally drive in the state of Florida, they need to have the right kind of auto insurance. While there are people in the state who choose to carry other types of financial responsibility, plenty of drivers have chosen to purchase a policy with the state minimum requirements plus additional coverage. Anyone who is new to the state should be given a direct explanation of not only what is required but also how to save on their FL auto coverage.
Requirements To get the requirements discussed and out of the way, we’ll start with the state’s demand of all drivers having at least $10,000 in Personal Injury Protection. This type of coverage is a medical coverage and pertains to the policyholder. By purchasing $10,000, the insurer is required to pay for all medical expenses of the policyholder and his or her passengers up to the amount of $10,000. When you look at that number, it’s easy to realize that $10,000 may not cover accident related injuries, especially if the accident caused major injuries. Personal Injury Protection also pays for any claimed lost wages and pain and suffering of the policyholder.
Also required by Florida state law is carrying $10,000 in Property Damage Liability. Now, this coverage only applies to the other driver in the accident if the policyholder was the one who caused the accident. Property Damage Liability is a way for people to have the financial means to pay for the damages they accidentally cause to another person’s property. This property could be a car, but it could also apply to a fence, building or other structure. Also noteworthy is the fact that this coverage does not apply towards the damage done to the property of the policyholder. For that to be covered the policyholder must purchase additional coverage.
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