No Fault Insurance And Property Damage Liability - Cheap Auto Quotes
If you move to or live in Florida, you will be required to purchase no fault insurance as part of your insurance policy. Basically, it is a measure to prevent a backlog of lawsuits as well as to offer protection for drivers involved in an accident. It also saves time and money when filing an accident claim, since insurance companies will pay their full policies in case of an accident regardless of which driver is at fault. This includes both medical expenses as well as property damage. This is a temporary insurance required by the State of Florida and is required of any vehicle legal registered and licensed in Florida.
Property Damage Liability or PDL covers the property damage caused by your vehicle up to the limit of your policy. There are several things to keep in mind about what PDL covers and what it doesn't and to realize that the main purpose of Florida no fault insurance is to protect people. If you get involved in an accident, and you are eventually found to be at fault, you may face some heavy repair bills for vehicular damage.
The type of damage covered is usually referred to as non vehicular property damage. This is usually applied to damage done to buildings, signs, even livestock, and covers personal as well as public property and land. The only way vehicles can be covered with this insurance is if they were not involved in the accident. This means the vehicle was damaged while safely parked, and that it in no way, posed any risk that could have resulted in the accident. Illegally or improperly parked cars will not be covered by PDL.
For the majority of no fault insurance policies, any vehicles directly involved in an accident are not covered. This also includes the contents of the vehicles (besides people). Also, you should check and be absolutely clear on what the insurer considers a vehicle. It may be possible that motorcycles, trailers, and bicycles may be classified as vehicles and thus be excluded from coverage. For this reason, most drivers make sure they have collision coverage included in their policy to help cover damages.
When you are ready to buy your no fault insurance policy, the best advice is to do so online. This way you can shop around, take your time, and see what discounts you may qualify for. Also, without pressure to buy immediately or an agent to influence you, you're able to make sure you get the right policy to suit your needs and your budget.
