Understanding Coverage Options With No Fault Insurance - Cheap Auto Quotes
No fault insurance is a method of coverage employed by twelve states in the country, including Florida. Though the concept of no fault can be a bit tricky to some, the truth of the matter, is that the whole affair is pretty simple once you get used to it.
For starters, you must understand that in a no fault state like Florida, each and every driver must have two specific forms of insurance. The first insurance type is known as “personal injury protection” or PIP insurance. With PIP, you and every other driver are covered by your insurance companies for up to ten thousand dollars of medical damage. This is the reason why Florida is known as a no fault state. Any driver involved in a wreck, will be taken care of by his or her own insurance provider, regardless of who is at fault.
The next necessary insurance type in a no fault state is known as “personal damage liability” or PDL. With PDL, you again are covered for up to ten thousand dollars but not for your body; instead, PDL covers damage to your vehicle from a wreck. Again, this type of insurance is meant for your vehicle instead of the vehicle owned by the other person or persons involved in the accident.
So there you have it. These are the two minimum levels of protection you must have in a no fault state. But this is just the bare minimum. Just because PIP and PDL are required, does not mean that they are the only insurance forms you are allowed to have. Consider them a jumping off point. To be sure, if you can afford it, it is recommended that you further insure yourself against harm or damage.
A good example would be “bodily injury liability”. This form of Florida no fault insurance protects you against any bodily damage that exceeds the paltry ten thousand dollar coverage of PIP. It will also pay for any deductibles that might result from a PIP hospital situation. In addition, there are plenty of other great and all-inclusive insurance options that will leave you much more protected, like comprehensive coverage or collision protection.
All of these options are up to you, and all that is really required is the aforementioned PIP and PDL insurance. If you meet these criteria, you are well on your way to being a responsible and prepared driver in the state of Florida, or any other no fault state you might reside in.
