Every motorist in the Sunshine State of Florida is obliged to have automobile insurance. Every car owner must also have auto indemnity coverage for a minimum coverage level to statutorily operate a motor vehicle.
As stipulated by the Florida Department of Transportation, you must have auto indemnity with minimum car insurance in florida of $10,000 if you are a motorist and a legal state resident.
A vehicular indemnity is a form of liability indemnification. It deals with personal injury protection and property damage liability. The former protects the driver of the car or any other vehicle and third parties involved in an accident, while the latter insures damage to tangible property. This post will delve deeper into these two specific surety coverage regarding vehicular insurance.
Understanding Personal Injury Protection Insurance Coverage in Vehicular Indemnification:
Personal Injury Protection (PIP) indemnity is a type of medical indemnity coverage that pays for medical expenses after an accident. PIP is required by law in the state of Florida.
PIP covers drivers and their passengers regardless of fault in an accident. That means you can collect benefits irrespective of who caused the accident or whether it was your fault or someone else’s. PIP also covers you if you’re hit by an uninsured driver or have a lawsuit filed against you.
PIP doesn’t cover everything, though — it only covers medical expenses related to the accident, such as ambulance rides and emergency room visits.
Understanding Property Damage Liability Insurance Coverage in Vehicular Indemnification:
If your vehicle is damaged by the actions or negligence of another driver, property damage liability insurance may help you pay for repairs.
Property damage liability coverage pays to repair or replace other people’s vehicles and property when you’re at fault in an accident. It also covers medical bills for people injured in an accident you caused.
If you cause a mishap that damages someone else’s vehicle, you could be sued to pay for repairs or replacement. Property damage liability coverage pays for these costs if you’re found legally responsible for the accident — even if the other driver isn’t insured or doesn’t have enough indemnity money to cover the cost.
If another driver’s actions or negligence damages your car, this coverage may also come into play. Although it’s rare for policyholders to file claims for damages suffered from their neglect, it occasionally happens — especially if drivers are under the influence of alcohol or drugs and cause accidents while driving intoxicated.
Legal Implications If You Do Not Have Car Insurance in Florida:
- You can’t register your motor without minimum car insurance in Florida.
- If you are involved in a collision and don’t have vehicle indemnity, your driving record may be affected for years.
- If you are involved in an accident and don’t have car indemnification, you could face a civil lawsuit by the other driver or insurance company.
Overall, car indemnity is one of the most important purchases you will make for your vehicle. With the information provided in this article, you’ll have a better legal understanding of car insurance and its importance.