Adequate Florida Vehicle Insurance Coverage
In the Sunshine State. one must carry automobile policies with a minimum of $10,000 personal injury protection (PIP) and $10,000 property damage liability (PDL). Vehicle owners must maintain this amount of coverage as long a vehicle has a valid registration tag. Personal injury protection will compensate insured for bodily injury that they sustain as a result of a traffic accident regardless of who is found to be at fault. The coverage will also apply to passengers. This will also cover the policyholder if they are injured by an automobile as a pedestrian or bicyclist; family members who reside in the same household will also be covered under the insured’s policy if they are not required to carry this type of car insurance. Property damage liability will pay to repair or replace another person’s property caused by the policyholder’s vehicle; the same applies to family members as PIP.
Although this may seem like adequate Florida auto insurance coverage, after all it does meet state laws, but the truth of the matter is that purchasing the minimum requirements can leave a policyholder in a bad position financially. As most are aware, the cost of medical care is quite high and a broken leg could probably exceed the minimum PIP limit of $10,000 and one can only imagine how much a hospital stay could cost; if a person does not have a health care plan it may be wise to raise the limit to avoid getting stuck with large medical bills. Additionally, the same applies to the property damage liability portion of a policy; if a motorist strikes and causes significant damage to luxury vehicle they can be held liable for paying any remaining amount which exceeds the $10,000; fortunately higher limits are attainable and may not be as unaffordable as a consumer may think.