Florida is one of the most visited, and one of the most attractive states to retirees. The sun and beaches draw people in from all over the United States and from all over the world. With more people flocking to Florida every day, the roads are becoming more crowded. This also means your risk of being in an auto accident goes up. While Florida drivers are required to have basic insurance, there are many different types of auto insurance in Florida. Here at Esposito Law Firm, P. A., we care about your safety and want you to be aware of your options.
Florida law requires all drivers to have personal injury protection coverage and property damage liability coverage. Personal injury protection coverage (PIP) is there to cover injuries to you and your immediate family. PIP also covers lost wages, but will only pay for 80% of your medical bills and 60% of lost wages up to ten thousand dollars. Florida is also a no-fault state, which means your coverage will cover you regardless of who is a fault. The only catch is that you must seek medical treatment within fourteen days.
Property damage liability coverage (PD) is there to cover any property damage caused by an accident. Your PD coverage will not cover damage to your car, however, it will cover damage to any property. Usually, the property damaged is another person’s vehicle, but PD also covers damage to buildings or anything else you damage in an accident. If someone hits your vehicle with theirs, their PD coverage will likely cover the damage.
Bodily injury liability coverage (BI) Is not required in Florida. BI exists to pay for medical bills, lost wages, and pain and suffering of any person injured by you. If you injure someone and you do not have BI coverage, you could be held liable for their medical expenses. Uninsured motorist and underinsured motorist coverage also are not required by Florida law but can save you a lot of money if you are in an accident.
Call Esposito Law Firm, P. A. today for more information.