Everything You Need to Know about Florida No Fault State Insurance

What is a No Fault State?

No fault states are states that have laws which place limits on the right of individuals to sue each other for damages resulting from a motor vehicle accident. The goal of no fault insurance is to reduce the amount of time and money spent in court by allowing individuals to recover damages from their own insurance companies, regardless of who is at fault in the accident. Florida is one of 12 no fault states in the US.

What Does No Fault Insurance Mean for Me?

No fault insurance in Florida means that if you are in a car accident, you will be able to file a claim with your own insurance company for damages, regardless of who is at fault in the accident. This means that you won't have to sue the other driver to get compensation for your injuries or damage to your vehicle. This can save you time, money, and stress.

What Does No Fault Insurance Cover?

No fault insurance in Florida covers medical expenses and lost wages. It also covers property damage, such as damage to a vehicle, as well as any other damage caused by the accident. No fault insurance does not cover pain and suffering, however, and you may need to sue the other driver to recover these damages.

What Are the Requirements for No Fault Insurance in Florida?

In order to be eligible for no fault insurance in Florida, you must have a minimum of $10,000 in personal injury protection coverage, and $10,000 in property damage liability coverage. You must also have uninsured motorist coverage of at least $10,000. These are the minimum requirements, but you may choose to purchase additional coverage to protect yourself and your vehicle.

What If I Don't Have No Fault Insurance?

If you don't have no fault insurance in Florida, you may be liable for any damages caused by the accident. This means that you could be held responsible for the medical bills and other expenses of the other driver. Additionally, if you are found to be at fault in the accident, you may be sued for damages, so it is important to make sure you have adequate coverage.

Where Can I Get No Fault Insurance in Florida?

No fault insurance in Florida is available from most major insurance companies. You can shop around to find the best rates and coverage for your needs. Additionally, you can contact your local Department of Motor Vehicles for more information about no fault insurance and other types of insurance available in your area.