Auto insurance warning from a legal perspective


shutterstock_47534284In recent times, a startling statistic that has come out is the fact that as high as 30% of car drivers on the roads of South Florida don’t have even the minimum auto insurance required by the laws of Florida law. One must carry at least insurance for property damage in order to pay for damage they might cause to another car. The PIP or personal injury protection would be required to pay for the medical bills of the driver and income lost, up to $10,000. The only exception for these rules is for the individuals who lease cars to driver around in Florida.

Drivers are expected to have proof of insurance for receiving the auto license tag. However, a lot of individuals only the pay the first insurance premium to get the proof required for obtaining the license plate. The policy is cancelled later by the insurance provider when subsequent premiums aren’t paid. As per the state law, the license tags must be picked up by the authorities but this rule is seldom implemented.

So, this would lead us to the standard question of what the adequate insurance protection is. The more you have the better, is what one would want to advice. When you are leasing a car for a time period exceeding a year, you must have liability insurance of $100,000. The insurance provider can also give advice on liability coverage that you need when you are sued by the counterparty.

At the same time, when you are injured by a car whose driver doesn’t have any insurance, you will receive compensation if you have uninsured motorist coverage. Your insurance provider has to offer you the chance of buying this coverage for the same amount that you pay for your liability insurance and you mustn’t let them talk you out if it. The thing you have to consider is that just like you are carrying insurance to pay for other people’s expenses due to your fault, you must have some protection against others’ negligence. You can also have the PIP, which will provide you with the compensation irrespective of who is at fault here. The PIP is first in line as far as paying the bills after an accident are concerned. The one thing you have to know though is that PIP pays only for 80% of the medical bills. Any deductible you choose for, would only add to it.