Florida is a very unusual state for auto insurance requirements. As a “no-fault” state, every person who owns a motor vehicle in Florida is required to carry Personal Injury Protection (“PIP”) coverage. This coverage on your own insurance policy pays for your medical bills and/or lost wages if you are injured in an accident. As such, every person’s own insurance company covers their medical bills at eighty percent (80%) or lost wages at sixty percent (60%), regardless of who was at fault for an accident. There is a misconception that as a no-fault state, fault for an accident is not relevant; liability is very important in Florida, just not when it comes to PIP coverage.
The only other required coverage in Florida is Property Damage (“PD”) coverage. This is required for all but only applies to the at-fault driver’s insurance and requires that they repair your vehicle or compensate you for the vehicle’s value if it is declared a total loss. If you are at-fault for an accident, PD coverage will not repair your own vehicle. To take care of the damage to your own vehicle in an accident that you caused, you will need Comprehensive and Collision coverage. This also applies if your car is vandalized or sustains damage from a hit and run collision or other unknown causes.
There are two other extremely important types of auto insurance coverage not required by Florida law. Bodily Injury (“BI”) coverage and Uninsured or Underinsured Motorist (“UM”) coverage. Bodily injury is similar to Property Damage in that it only applies to the at-fault driver’s insurance and requires that they compensate you for your injuries, pain and suffering and medical expenses if you are injured in an accident caused by another. If the other driver does not have BI coverage, which is not required, you will not receive compensation unless you carry UM coverage on your own insurance policy. UM coverage applies when the at-fault driver is uninsured or underinsured and requires that your insurance company compensates you for your injuries, pain and suffering and medical expenses.
If you have suffered from a personal injury contact the attorneys of The Ticktin Law Group for a free consultation to help you get the compensation you deserve.