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Understanding Florida’s car insurance laws may help you select the appropriate coverage level for your vehicle and circumstances. Over 20 percent of drivers in Florida are estimated to be uninsured.
Uninsured/underinsured motorist coverage is not required in Virginia, but drivers who have it on their policy must ensure coverage limits are in compliance with the new liability limit laws.
Florida’s car insurance laws make it clear that every driver must have an active car insurance policy that meets the following coverage limits in order to operate a vehicle legally: $10,000 ...
Uninsured/Underinsured coverage, also known as UM/UIM, provides coverage if an at-fault party either does not have insurance, or does not have enough insurance. In effect, the insurance company pays the insured medical bills, then would subrogate from the at fault party. This coverage is often overlooked and very important.
The insurance company will ordinarily pay the judgment, up to the policy limits, once a court determines that an uninsured motorist was at fault. Some states' laws also allow additional insurance coverage to the insured policyholder through policy stacking provisions, whereby a claim may be made against multiple uninsured motorist policies.
*Florida only requires PDL and PIP. Minimum BI limits are 10/20 if you do purchase coverage. Drivers who have caused an accident involving bodily injury or death or received certain citations may ...
Liability coverage is the backbone of your policy and is required by law in most states — except in New Hampshire, which may make an exception if you can prove that you have sufficient assets to ...
While uninsured motorist coverage is for accidents where the at-fault driver does not have an active auto insurance policy, underinsured motorist coverage will cover you if a driver hits you but ...