Florido’s no-fault law requires every car owner to have auto insurance so that every car driver gets some protection and compensation, no matter who caused the crash. You might be wondering what are the two types of required insurance coverage to comply with Florida’s no-fault law.

Well, you have hit the right place. Today I will explain two types of required insurance coverage that you need to carry while driving a car in Florida. In case you are in a hurry and want a quick answer, then two types of required insurance coverage as per Florida’s no-fault law are:

1. Personal Injury Protection (PIP) Coverage
2. Property Damage Liability (PDL) Coverage

Now before I start explaining both kinds of coverage and their benefits, you need to understand Florida’s No-fault law.

What is Florida’s No-fault law?

According to this law, drivers must utilize their insurance coverage for the damage after an accident. Every driver must carry PIP and PDL coverage in case they encounter an auto accident. Driver must carry minimum policy on the type of required insurance coverage,
Rage.

Every driver in Florida must follow these insurance requirements. If a driver does not comply with required insurance coverage then he needs to face different consequences such as fines, driver’s license suspension and reinstatement fee.

Personal Injury Protection (PIP) Coverage

All drivers in Florida are required to carry PIP/Personal Injury Protection coverage. Now if an accident happens, the driver can cover his medical expenses and lost wages through PIP coverage. In case an accident kills the driver or passenger, PIP coverage can be used to cover funeral expenses.

It’s important to keep in mind that if personal injury expenses are more than PIP coverage then you need to cover the rest of expenses through either your pocket or medical insurance.

Minimum PIP Coverage Limits

Florida’s No-fault law sets a minimum PIP coverage limit, which is $10,000. In case drivers don’t carry this minimum PIP coverage and get involved in a car accident then they need to pay fines or also face the risk of driver’s license suspension. They also need to pay the expense out of pocket, which is an expensive deal to get yourself into.

Benefits of PIP Coverage

Here is how you can benefit from a PIP Coverage:

Medical Expenses

The basic purpose of PIP is to provide coverage for your medical expenses that you need to pay due to your injuries in an auto accident. This coverage encompasses up to 80 percent of your medical bill or up to $10,000 per person. In case you are unable to handle your regular home or office chores due to a personal injury then this coverage also extends to all expenses you incur for getting household or essential service

Lost Wages

Another benefit of PIP coverage is that it helps you get compensation for your lost wages. In case you don’t resume your work due to a personal injury, you can recover around 60 percent of your lost wages, and this amount could be up to $10,000.

Death Benefits

When an accident causes any death in a car accident then the family can get up to $5000 for funeral expenses from PIP coverage.

Property Damage Liability (PDL) Coverage

The second type of required insurance coverage in Florid’s no-fault law is Property Damage Liability PDL, which offers coverage up to $10,000. This coverage pays for the damages caused by a car accident. You can cover damages caused by your vehicle to another driver, regardless of fault. Every driver is required to carry a minimum of $10,000 as PDL coverage but it’s advisable to get additional coverage.

For example, you can sign up for collision coverage that covers car repair expenses when your car hits and gets damaged due to a collision with another stationary object or vehicle. Another good coverage option is available with uninsured or underinsured motorist coverage, where you can get coverage in case of a hit-and-run accident.

Wrap up

Finally, you understand what are two types of required insurance coverage to comply with Florida’s no-fault law. Every driver must carry both PIP and PDL insurance coverage. PIP allows you to immediately pay your medical expenses without considering who caused the car crash. PDL insurance coverage makes it easy for you to cover damage costs. The main point of this law is pretty simple, it requires everyone to keep necessary coverage options at their side. In case of a car accident, there is no need to delay your medical or car repair expenses. In an at-fault case, you may or may not get the compensation. So, instead of waiting for coverage to come, you can carry protection for you and the other party with you in the form of PIP and PDL insurance coverage. Consider Matrix-Insurance for comprehensive solutions.