Florida Car Insurance Requirements & Uninsured Drivers Are Problems

The US auto insurance requirements differ from state to state and region to region. The Florida auto insurance requirements are also not an exception therefore all the residents of Florida are required to be aware of its ins and outs as it specifically pertains to them. The state of Florida has two categories of car insurance requirements i.e. Florida no fault law and the financial responsibility law. The Florida Financial Responsibility Law is meant to safeguard you and others in case you because an accident resulting in injuries; in this case you're given a ticket and because you accumulate too many points so you'll also have your driver's license suspended for a while. Minimum Florida financial responsibilities are $10,000 on account of Bodily Injury Liability for a person and double the amount if caused bodily injury to two or more than two people and $10,000 as Property Damage Liability.

Personal injury protection and property damage liability, $10,000 of coverage for each, are the minimum auto insurance limits required in Florida. Lawful consent to exclude both bodily injury liability and uninsured motorist is unique to Florida. Many residents here ignore car insurance requirements altogether. Periodic surveys rank Florida among the highest states with the number of uninsured drivers. These are problems for many people entitled to compensation after a car accident. The level of protection a car insurance policy provides is a personal choice. Florida residents should be wary of the minimal requirements, and the high number of uninsured drivers, when deciding coverage options. Bodily injury liability and uninsured motorist coverage can help avoid the problem of inadequate insurance.

Uninsured Motorist (UM) will compensate a policyholder entitled to recover damages from the owner or operator of an uninsured car. UM coverage also applies to an under insured car. In Florida, UM only applies to bodily injury and not property damage. Compensation for vehicle damage is available from the policyholders own comprehensive and collision coverage. Bodily injury liability (BI) pays on behalf of a policyholder when they injure someone, and are at fault in the accident. Payment from this coverage may prevent or settle a lawsuit. Choosing the UM coverage on a Florida auto insurance policy requires BI coverage at the same or increased level of limits.

Florida policyholders can multiply their UM limits by electing stacked coverage. The amount payable under this option is the selected limit times the number of vehicles on the policy. Non-stacked UM coverage pays the chosen limit without any multiplication factor. Florida auto insurance policy minimum requirements contain low limits of coverage. Many residents ignore the law and have no insurance or settle for the minimum. Drivers can adequately insure themselves and avoid problems with the right type of policy. Bodily injury liability and uninsured motorist coverage are important considerations, especially in Florida.