If you own an automobile in the State of Florida, you must carry $10,000 of Personal Injury Protection Insurance and you can carry up to $1000 deductible on that PIP insurance. Of course, if you do carry a deductible, you are responsible for that amount of money ( the deductible you choose) against your own medical bills when hurt in an accident.
PIP insurance minus your deductible amount, covers up to 80% of reasonable medical expenses due to the accident; 60% of wages lost due to the accident; and a $5000 death benefit.
PIP covers you, relatives that live with you, and anyone driving your car with your permission, if the accident happens in the State of Florida. Outside the State of Florida, but still in the US or Canada, it covers you and people who live in your household, but only if you are driving the car.
Property Damage Insurance covers any damage you or anyone in your household causes while driving a car.
Bodily Injury Insurance or BI is not required in the State of Florida. However, if you are in an accident in our State, and someone is hurt because of your negligence, and there is a police report, when you go to renew your license, you could be hit with a hefty fine for not carrying BI and injuring someone. The fine is in the thousands, and it is much cheaper to carry BI insurance than face this fine. BI insurance covers injuries you and relatives living with you cause, even if driving someone else’s car. BI kicks in after PIP is exhausted. It will also pay legal fees in your defense if you get sued and are carrying BI insurance.
We have written a lot about uninsured motorist coverage. It is the single most important thing you can do for yourself when buying automobile insurance. It covers your injuries after PIP is exhausted and if you are hit by someone not carrying BI insurance.
This is just a basic run down of important automobile insurance coverages. There are many other coverages you could opt for such as : Medical payments; rental car reimbursement; towing; accidental death and dismemberment. It can be a lot to decipher.
That is why your Personal Injury Law Firm in Orlando, and your Car Accident Attorney, Steen J. Brown, would like you to visit us for a free consultation to look over your automobile insurance policy and make suggestions to better cover yourself if ever involved in an accident.
Call us at 407-344-3400.