Florida No Fault Auto Insurance, a Must
Describing florida no fault auto insurance as a must, is very literal. In the state of Florida every person who owns a car, or 4 wheeled vehicle, is required to carry a special insurance that protects them in accidents where they are not at fault. The reasoning behind this mandate is that there is a lot of lawsuits resulting from uninsured individual who cause accidents and insurance companies who do not want to pay medical bills for the other party. These proceedings can take years and in the meantime bills don’t go away and really have a way of piling up.
First of all it’s important to know how much is required for the florida no fault auto insurance. A minimum of $10,000 per vehicle is required for each car for the entire time the car is registered. If a person has, for instance a car that doesn’t run, it’s much better to turn in the plates and registration than to let the insurance lapse and risk license suspension. The fees to reinstate your drivers license can get pretty steep. The best thing to do is keep all those cars either insured or get the registration taken off.
If you end up with an uninsured car, you will receive a notice by mail. After you receive your suspension date, It’s important to get the vehicle taken care of before the date comes around. If you are able to get the car re-insured by the deadline, then there is no fee to reinstate your license. Once the deadline passes, the fee to reinstate your drivers license is $150 for the first offense. The second time it goes up to $250 and every time after that you are looking at $500 each time. The price just to be able to drive can be quite expensive for having an uninsured vehicle.
For those relocating to Florida it is super important to get the information since once you register in Florida or you have been there more than 90 days, the coverage you had in your previous state will not work out and for those who don’t get the policy updated to comply with the florida no fault auto insurance laws, will find themselves in instant hot water and lots of money out the door in fines. It’s better to make sure you are protected along with your family by using the PIP insurance coverage.
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