Florida No Fault Insurance CompanyAndres A. Golden
The first thing any driver in the Sunshine State needs to know is this — Florida is a no-fault state.Though it may appear otherwise, the term “no-fault” doesn’t eliminate fault in an accident. Rather,No-fault insurance means that following a car accident, your insurance will pay for...
Florida Operates Under Its Own Unique No-Fault System There are two types of insurance systems in the United States — fault-based systems and no-fault systems. Afault-based insurance systemuses fault to determine which insurance company will pay for injury claims. A no-fault insurance system ...
For advice on coverage, consult the Florida Department of Financial Services' publication called,"Automobile Insurance, a Toolkit for Consumers". This publication is an excellent overview of automobile insurance in Florida, dealing with the combination of PIP (no-fault) and other, more extensive cove...
Florida's minimum car insurance requirements mean drivers must have at least $10,000 in property damage liability, which can pay for damage to another person's vehicle or property. Florida is a no-fault state, so bodily injury liability insurance is not required. Drivers must have at least ...
Florida’s no-fault law, also known as the Personal Injury Protection (PIP) law, is a system that requires drivers to carry insurance coverage to pay for their own injuries and damages regardless of who caused the accident. This means that after an accident, each driver’s ...
Florida is a “no fault” insurance state, which means that the insurance you purchase covers the cost of your medical expenses from the accident, regardless of who caused it. However, the driver who is found to be at fault in the accident is required to pay for the property damage the ...
Since 2012, it has instituted reforms that have reduced Personal Injury Protection claims by some 13.6 percent, according to the Florida Office of Insurance Regulation. But while progress has been made, Florida is still a “no-fault” state with what’s known as a “verbal threshold” for ...
Will DeSantis veto the repeal of ‘no-fault’ car insurance? Strong lobbying is underway Gov. Ron DeSantis has toured the state over the past month touting a wave of conservative legislation recently passed by state lawmakers. But he’s been mum on an outstanding bill that would affect more...
If you aremore than 50% responsible, you cannot recover compensation from the at-fault party.However, you can still recover compensation from your own no-fault insurance. What If the Police Say that the Accident Was My Fault? You don’t have to accept law enforcement’s findings regarding ...