As you are probably aware, Florida is a No fault state for car insurance. The principal idea behind the No fault insurance law is to compensate the covered by insurance party in a car accident, irrespective of who is at fault. The insurance plan limits and the particular situation will determined what the pay out amount really should be.
The minimum limits required by law are $10,000 of personal injury protection (PIP) and $10,000 of property damage liability (PDL). It is not hard to see that in case of a serious accident, when you would need your insurance probably the most, these limits will hardly be sufficient. Its highly recommended to obtain cover well above the expected minimum.
Listed below are 3 facts regarding Florida No fault Insurance that you may well not realize.
1. You can still take legal action against the at fault person - Its wrong to assume that you can not take someone to court because of the No fault law. However, specific conditions must be met. There are two types of thresholds you must be aware of. Verbal threshold, death or significant disfigurement, and monetary threshold - big dollar sums for medical bills.
2. If asked, you need to agree to independent examination - In order for the Florida No Fault insurance law to function correctly, independent medical examination is necessary. Your insurer has the right to ask for an unbiased examination and the doctor is chosen by the insurance provider also. If you decline to be examined than your insurance policy will probably be cancelled.
3. You aren’t protected 100% by Personal injury protection - Its a widespread mistake to assume that Personal injury protection will cover all medical charges and fees. In fact, PIP only covers 80 percent . And lets not forget the deductible amount. . Here is a quick example.
- Total Medical Expenses:$10,000
- Percentage payable under PIP statute:80 percent
- Benefits due but for the deductible:$8,000
- Less deductible:$2,000
- Benefits payable:$6,000
Being familiar with Florida No-Fault insurance law will undoubtedly help you find the right policy for you. Ask your insurance agent as many questions as you can and never rush into purchasing a policy before you feel absolutely comfortable with your decision. Do not just stick to 1 insurer - compare quotes from at least 3 insurance providers.
For more information and instant quotes please visit Florida No fault Insurance and SR22 Insurance.
As of 1st of June, 2010, car insurance laws for drivers in Wisconsin have changed. It is of paramount importantce to fully understand the new laws. Not complying, regardless if it is unintentionally, will mean that you will face penalty charges and will be fined. The following article will give you all the essential information and facts regarding car insurance in Wisconsin so read it carefully.
Car Insurance In Wisconsin - Minimum Limits
The minimum car insurance limits, according to the new Wisconsin law, are::
$50,000 for injury or death of one person;
$100,000 for injury or death of two or more people; and
$15,000 for property damage.
Uninsured (UM) and Underinsurande motorist coverage (UIM) are required in addition to the Bodyli Injury (BIL) and Property Damage Liability(PDL). The limits these types of coverage are:
$100,000 - Bodily Injury or Death of One Person
$300,000 - Bodily Injury or Death of Two or More People
What are all these coverages for?
You and people travelling in your vehicle are not covered by Bodily Injury Liability. It is a coverage for other people involved in a car accident you have caused. Medical expenses, loss of earnings, pain and suffering, are some of the reasons people may make claims against you and that’s precisely why you need BIL. If a member of your household, or someone else who drives your car with permission, causes an accident - bodily injury cover will usually protect them too. It is worth repeating that it will not provide cover for your own injuries.
If you damage other individuals property or home, the expenses will be covered by Property Damage Liability. Obviously, the cover is limited to the amount stated in your insurance policy. Government property is also covered. Similarly to Bodily injury liability, Property damage liability is only meant to protect other individuals’ losses not your own.
If you are involved in a car accident in Wisconsin and you are not at fault, it is vital to have uninsured and undersinsured coverage. Statistics clearly show that more people than ever are driving uninsured in Wisconsin. Knowing you are protected against other peoples irresponsibility, will make you feel more secure. It is barely worth it paying out a great deal of money for medical expenses and then suing an uninsured or underinsured driver.
Cheap auto insurance in Wisconsin
With the new laws, many people will undoubtedly notice a rise in their car insurance premiums. It is only natural for car insurance in Wisconsin to go up if higher limits and additional cover are required. In order to find the best quote, you will definitely have to shop around and look harder for the best deals. Remember that affordable car insurance sounds good, but having sufficient coverage is equally important. Taking a defence driving course is a great idea for high risk drivers in Wisconsin who want to reduce their auto insurance premiums. You need to get car insurance quotes from different companies. Insurance professional suggest getting at least 3 different quotes. The difference in cost can be often unbelievable.
For more information and free insurance quotes from multiple insurance companies please visit Wisconsin auto insurance, or if you are a high risk driver - sr22 insurance.
